Gayane works hard at organizing everything to make the event successful. The clothing that Gayane owns, she gives for a rent to parents whose children participate in the festival. Due to lack of financial resources, Gayane requests this loan to be able to purchase new stock of clothing. She has now been approved for a loan within the framework of a 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 greatly important for Gayane and she will be very grateful to all her lenders for 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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Success!! The loan was 100% repaid