Sevak has 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 loans with soft conditions to informal businesses that do not have access to credit products. The loan is highly important for Sevak, and he will be very grateful to all lenders for their support. The loan will give him an opportunity to continue his taxi-driving business and provide better service to his clients.
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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