Susanna's husband helps her family financially from time-to-time, but for tackling financial hardships agriculture is the main source of the family's income. Now, Susanna asks a loan for being able to purchase pigs, oxen, and forage for feeding the livestock. Susanna has already taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to the hard work during more recent times, Susanna has been 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 other credit products. The loan will be a huge support for this hard-working woman.
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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Success!! The loan was 100% repaid