Susanna now wants to make some investments into her agribusiness to expand and make it more profitable. She has taken a loan from a financial institution before, but because of the family's poor conditions, she wasn't able to pay it back. However, over these years of tireless work, she was able to own her agribusiness, which is profitable enough to cover monthly payments.
Susanna has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF International. The second-chance loan program provides loans to people who have bad credit history behind them and have no access to credit products. With the loan's help, she is planning to purchase two cows, 12 bags of fertilizers and 100 packs of animal feed.
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!