Samvel is a migrant seasonal worker and also is a farmer. During months when he is here, he is involved in agriculture. Particularly Samvel keeps cows, pigs, piglets, chickens and turkeys, as well he cultivates wheat and potatoes. He works day and night and feels very responsible to give his family appropriate living conditions. Now, he has applied for this loan to purchase potato seed and forage for feeding the livestock. This will help him to increase his agricultural turnover.
As this is Samvel'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 had 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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This loan has been fully funded!