He works hard to satisfy his clients' needs, and due to his attentive and hard work, he has a number of customers from the whole region. Now, because of the coming holidays, the number of orders has increased, and with his current materials, Sevak isn't able to complete them. He is asking for this loan to be able to purchase materials and tools needed for his work. He has now 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 start-up loans with soft conditions to informal businesses that do not have access to credit products.
Sevak will be very grateful to Kiva lenders for the 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