Now this hardworking and honest man needs financial support. With this loan's help, Sargis will be able to purchase tools and equipment for his stone workshop and gather more income. As the current machines in the workshop are already very old and needs to be replaced with new ones, this loan will greatly assist Sargis. He hopes for lenders' support.
Sargis has 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.
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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This loan has been fully funded!