Armen has now been approved for a loan within the framework of the new joint initiative of Kiva and SEF. The start-up loan program envisages provision of business start-up loans on soft conditions to people who do not have access to credit products. Armen needs this loan to purchase supplies for his business. It is very important for him to be able to satisfy his customers' needs and provide better living conditions for his family.
More information about this loan
This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.
About SEF InternationalSEF’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.
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