Yeghnik lives with his mother and brother. His mother is a teacher at the local village school and his brother serves in the army. Yeghnik works hard to successfully run the farm to ensure a stable income from it. Now, he asks for this loan of USD 2,000 to be able to purchase an ox and renovate his greenhouse.
As this is Yeghnik'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 do not 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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