Viktorya runs a small shop where she sells various products. Viktorya's husband works as a taxi driver and his income is hardly enough for covering the family’s daily costs.
Realizing that her business of running a shop is very important for the family, Viktorya wants to expand it. She has applied for this loan to purchase food products and provide a larger variety for her clients. She 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 Viktorya and she hopes for lenders' 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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This loan has been fully funded!