Svetlana is engaged in breeding livestock; cows, sheep, and hens, as well as in beekeeping. She cultivates potatoes, alfalfa, grass and walnuts. Svetlana's agribusiness currently needs some investment to function in a sustainable way. She needs a loan of USD 3000 to buy three calves, some forage for the livestock and to make credit repayments. She has already taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to hard work during recent times, Svetlana has been able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments. Therefore, she has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The second-chance loan program provides loans to people who have a bad credit history and have no access to credit products. Svetlana will be thankful to all the lenders for helping her to maintain her agribusiness.
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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