Gevorg has requested this loan to be able to increase his livestock and enlarge his farm. The loan will help him to purchase 5 piglets, 2 oxen and forage for feeding the livestock. This will increase his agricultural income and allow Gevorg to provide a better life for his family.
As this is Gevorg'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. Gevorg relies on lenders' 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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