Hripsime's sons help their parents to sell the gathered harvest in local open markets.
Realizing that income from agriculture is very important for sustaining this big family's living, Hripsime has decided to apply for this loan. She plans to purchase three cows and enlarge the livestock.
As this is Hripsime's first loan, it has been approved within the framework of the new joint initiative between Kiva and SEF. The first-chance loan program provides loans to people who didn’t have access to credit products before because they have no credit history.
Hripsime and her family will be very grateful to lenders for their support and goodwill.
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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