Gohar's husband and son help her greatly in getting the agricultural produce to the local market. Gohar cultivates plants in two greenhouses. As their needs are growing day by day, she needs to enlarge her agricultural business a little bit, to meet the daily needs of her family more effectively. As this is Gogar'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 didn’t have access to credit products before, because they have no credit history.
A loan of USD 2000 will be a huge support to this hard-working woman and her family, enabling them to build another greenhouse and to develop their agricultural business further. The family will be very thankful to all the lenders for their good will and support in collecting the needed amount of the loan to develop their business.
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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