Over this year of hard work, Babken already has 35 followers who prefer to order goods only from him. Realizing that the income he gets from this business is important for family's living, this enthusiastic young man needs financial support. He asks for this loan to be able to purchase new stock of goods (cutural items, pictures) and fulfill the orders.
Babken 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 to Babken to continue his online business activity, and he hopes for lender's support.
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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