Qajik is requesting a 3,000 USD loan to purchase some forage for the livestock as autumn is progressing. This is his first loan and it has been approved within the framework of the new joint initiative of Kiva and SEF. This first-chance loan program provides loans to people who didn’t have prior access to loans because they had no credit history. Qajik and his family hope for the good will of the lenders to support them to gather the needed financial resources to buy forage for their livestock.
More information about this loan
This loan is designed for clients who are considered to be riskier borrowers. SEF is committed to expanding financial access to these individuals, disbursing loans to clients who have no previous credit history, damaged credit, or who have been unable to get loans from other lending institutions.
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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