Margarit, age 42, works in a local fabric venture(the photo is taken in the workplace), but she also is involved in agriculture. She grows peaches, apricots, cherries, and apples, and she sells the gathered harvest at local markets. She lives with her husband and their two sons in the village of Lanjazat. The whole family works hard to gather a good harvest to cover the family's basic needs. Margarit's work at a soft drink factory helps her to get additional income and sustain her family.
As agriculture helps Margarit to have a stable income during the month, she would like to expand her enterprise. She has therefore applied for a loan, which she will use to buy two cows and to renovate her greenhouse. With the milk from the cows, Margarit plans to start up cheese production. The loan will also enable Margarit to renovate their old greenhouse, where they can then cultivate more fruits and vegetables.
The loan is very important for Margarit and her family, as it will allow them to gather a higher income and improve the living conditions of the family.
About SEF International
SEF’s mission is to extend business development and financial services to emerging entrepreneurs in search of productive opportunities to support their families and communities and to build bright futures for children in Armenia.