To help her family members in earning a living, Hamest in engaged in cattle breeding, and in cultivation of grass. She sells the agricultural products in the local market, which is an important source of income for the family.
As the autumn is progressing, Hamest needs to make some investments in her agribusiness for it to function in a sustainable way.
She needs a loan of USD 850 to purchase a calf and to buy some forage for cattle.
As this is Hamest’s first loan, it has been approved within the framework of the new joint initiative between Kiva and SEF. The first-chance loan program provides loans to people who didn’t have access to credit products before, because they have no credit history.
Hamest and her family rely on the goodwill of the lenders, and will be very thankful to them for their support.
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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