Emma is a math teacher with 30 years of experience teaching in the local school. She lives in a small village called Agarak in one of the remote regions of Armenia, Lori. Unfortunately, a teacher’s salary is not enough to make ends meet for a family of five: 29-year-old son, 24-year-old son, husband and mother-in-law. In the region there is a high unemployment rate, but a farm business helps the family have some stable income. Both husband and sons are involved in their small farm, and for a start they already have some livestock. Together with Emma, they keep 4 cows, 13 lambs and 14 chickens. The family also owns agricultural land where they cultivate barley and tomatoes.
Emma has applied to SEF International for a loan. With the loan's help, she will purchase potato and barley seeds, fuel for taking the gathered harvest to the market and 5 little pigs. This will significantly increase her farming business and will give her an opportunity to gather more income.
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.