Elmira is a pharmacist by profession. In one of the supermarkets, Elmira rents a small pharmacy where she sells different medications. She meets all the licensing requirements, and provides high quality service to her clients. To be able to purchase a new stock of medication for her pharmacy, Elmira needs financial support.
She took a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to hard work during recent times, Elmira was able to run her pharmacy business 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.
This loan will greatly assist Elmira to sustain her pharmacy and make it more profitable.
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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