He has been involved in the retail business for already three years. Near the open market of Masis town, Kamo owns a little store where he sells different types of goods (beer, vegetables, and fruits).
As the only breadwinner of the family, it is very difficult for Kamo to pay the family's daily costs and at the same time cover the costs related to his retail business. Now, because of financial difficulties, Kamo isn't able to purchase new stocks of products to sell to his customers.
Kamo has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products. The loan is very important for Kamo, and he hopes for lenders' support.
More information about this loan
This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.
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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This loan has been fully funded!