To be able to run his agribusiness in a more efficient way, Davit needs a loan of $3000 USD to purchase agricultural machinery. With the help of the machinery it will be easier for him and for his family members to organize their agribusiness. As this is Davit’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. Davit and his family are thankful to the lenders for their goodwill and support.
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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