With the help if his parents, Davit is engaged in agriculture and in cultivation of tomatoes, peaches, apricots, and grapes. Farming is the main source of the family's income. Davit sells the agricultural products in the local market.
To sustain his agribusiness, Davit needs a loan of USD 3,000 to pay for the harvesting services and the workforce and to purchase fuel for agricultural machinery.
Since this is Davit's first loan, it has been approved within the framework of the new joint initiative between Kiva and SEF International. The first-chance loan program provides loans to people who didn’t have access to credit products before because they have no credit history.
Davit and his family will be very thankful to the lenders for the goodwill and support in obtaining the needed loan and in helping them sustain their agribusiness.
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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Success!! The loan was 100% repaid