The barn that they own is old and needs to be renovated. So Irina needs some financial means to organize her farming process. She wants to renovate the barn, purchase an ox and tomato seeds for the farm. Implementation of these goals is important for Irina to have sufficient income from the sales of the harvest to sustain her family during the year.
As this is Irina'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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