To continue running her agribusiness in a sustainable way, Marine needs a loan of 3,000 USD to purchase twenty sheep and some feed for the livestock. As this is Marine’s first loan, it has been approved within the framework of the new joint initiative between Kiva and SEF. The first chance loan program provides loans to people who haven't had access to credit products in the past because they have no credit history. Marine and her 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