Geghanush works in the private sector. The salary that she gets is not enough to meet her family's needs. To cover her family's needs, Geghanush is engaged in breeding livestock, including cows, pigs, piglets and hens, and in the cultivation of greens and alfalfa. Her son helps her sell the agricultural products in the local market.
As their needs are growing day by day, Geghanush needs to expand her agribusiness to be able to effectively meet her family's needs. She needs a loan of USD 1,500 to purchase wheat seeds, to buy fertilizers, to buy six pigs and to purchase some forage for the livestock. She has previously taken a loan from a local financial institution, but unfortunately wasn't able to pay it back. However, thanks to the hard work during the recent times, Geghanush was able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments. So, 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. Geghanush and her family will be thankful to all the lenders for helping them to maintain their 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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Success!! The loan was 100% repaid