Marine has been involved in agribusiness for 18 years. She runs a big and beautiful farm that includes livestock (cows, oxen and calves), cultivation of wheat, emmer wheat, potatoes and cabbage, as well as a small orchard where nut, apple and pear trees grow. Marine's husband and son sell the harvest in the local markets and gather income for the family. The requested loan of USD 3000 will be a great support for Marine's farming business. She plans to purchase fertilizer, seeds and a harvester (agro machine) needed for her farm. As this is Marine'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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