As life is getting more expensive with time, Margarit wants to expand her agribusiness a little bit to be able to more effectively meet her family's needs. A loan of USD 3,000 will be a huge support to this hard-working woman enabling her to purchase a cow, two calves, and four piglets, to buy forage for the livestock and to purchase some fuel for agricultural machinery.
As this is Margarit’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. The family will be very thankful to the lenders for their good-will 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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Success!! The loan was 100% repaid