Now this hardworking woman needs financial support to purchase materials in bulk and keep them for the winter season. Since during the winter season the materials that Azganush needs for the production of pastry products are very expensive, she wants to purchase them and keep them. Now Azganush is asking for a loan. She has been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products.
The loan is very important for Azganush to purchase sugar, flour and margarine. She will be very grateful to lenders for assisting her with her pastry production.
More information about this loan
This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.
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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Success!! The loan was 100% repaid