As a teacher's salary is not enough for covering family's daily costs, Geghanush also provides private classes at her house. Due to her hard work, Geghanush's classes are much in demand, and people want their children to attend her classes. Unfortunately, in Geghanush's house the conditions are not sufficient, and she is hardly able to accept her pupils.
She has requested this loan so that she'll have an opportunity to purchase a table, four chairs, and a projector. She has now 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 highly important for Geghanush to be able to purchase tools specialized for her work.
Geghanush is very grateful to lenders.
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