Currently Artak collaborates with a local electronic shop, which provides Artak with clients. Now, to be able to enlarge his business and provide better service to the clients, Artak needs to purchase tools and camera testing equipment for making installation work. He 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 business start-up loans with soft conditions to informal businesses that do not have access to credit products.
The loan is very important for Artak to be able to make his work more effective and purchase needed tools. Artak will be very grateful to lenders as the loan will greatly assist him.
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