Srbuhi and her husband also make besom and sell it in the local market. To continue her agribusiness in a sustainable way, Srbuhi needs a loan of 1,300 USD to purchase fertilizers and needed materials for making besom. She has already taken a loan from a local financial institution before but unfortunately wasn't able to pay it back. However, thanks to her hard work during recent times, Srbuhi was able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments. So, 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. Srbuhi and her husband will be thankful to all lenders for helping them to maintain 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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This loan has been fully funded!