The family has been engaged in agriculture for 15 years already. They breed cattle and also run a farm where they cultivate wheat, barley, potatoes and cabbages. They also own an orchard. Anush now wants to expand her family's agribusiness a little.
She has taken out a loan from a financial institution before, but because of the family's poor conditions, she wasn't able to pay it back. However, thanks to these years of tireless work, she now owns her agribusiness and it is now profitable enough to cover monthly repayments. Anush 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 other access to credit products.
The requested loan will be used to buy 2 oxen.
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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