Ara has already taken out a loan from a local financial institution, but unfortunately wasn't able to repay it on time. However, thanks to his hard work in recent times, he was able to operate his beekeeping business in a sustainable way, ensuring that he will be able to cover the new monthly payments. So, Ara has 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 no access to credit products. The loan is very important if Ara is to enlarge his business and provide a better life to his family.
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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