Now, the number of orders has increased because of the coming holidays, and Syuzanna isn't able to satisfy current demand. She requests this loan to be able to purchase more stock to sell to her clients.
Syuzanna has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF. The start-up loan program provides business loans with soft conditions to informal businesses that do not have access to credit. The loan will greatly assist this young lady to increase sales and earn a higher income for her parents.
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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