As the autumn is progressing Erjanik needs to buy a supply of forage for the livestock. She needs a loan of $2,000 to purchase the forage. The loan will help the family prepare their agribusiness for the winter. As this is Erjanik’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. Erjanik and her family will be very thankful to the lenders for the good will and will highly appreciate their 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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