Realizing that the sewing business can provide her a stable income, Armine wants to enlarge it. So far she does all her sewing by hand. Since she has no sewing machine, it is very difficult for her to expand her production of dresses. So she has applied for this loan for help.
Armine has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The start-up loan program provides start-up loans with soft conditions to informal businesses that do not have access to credit. Thus this loan is very important for Armine to enable her to buy a sewing machine and increase her sewing business. Armine waits for lenders' support.
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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Success!! The loan was 100% repaid