As life gets more expensive, the family's everyday costs are also increasing. Elmira now needs to enlarge the herd of livestock a little bit to be able to meet her family's needs more effectively. A loan of USD 1,500 will be a great support to Elmira and her family, helping them to purchase a new cow. This will give them more opportunities to develop their agribusiness.
As this Elmira's first loan, it has been approved within the framework of the new joint initiative of Kiva and SEF. The first-chance loan program provides loans to people who have not had access to credit products before, because they have no credit history. The family will be very thankful to the lenders for the goodwill and support.
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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