To continue running her agribusiness in a sustainable way, Manyak needs to make some investments. She needs a loan of USD 3,000 to expand and renovate the barn and to purchase a cow. She has already taken a loan from a local financial institution before but unfortunately wasn't able to return it back. However, thanks to hard work during the recent times, Manyak was able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments of a loan. 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. Manyak and her family will be thankful to all the lenders for helping them to maintain and develop 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