She runs a farm. It currently includes a livestock of cows, sheep, and chickens and she also cultivates tomatoes, greens and grass for the livestock.
Bavakan and her sons work hard to have a profitable farm that will provide an income for their living.
By applying for this loan Bavakan would like to enlarge her farm. She plans to purchase 15 more sheep and forage for feeding them. Bavakan hopes that Kiva lenders will support her agribusiness and she will be very grateful to them.
As this is Bavakan'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 in the past because they have no credit history.
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