To continue running his small business in a sustainable way, Artashes needs to make some investments. He needs a loan of USD 1500, which he will use to purchase necessary materials for furniture production. He has taken a loan from a local financial institution before, but unfortunately wasn't able to return it back. However, thanks to his hard work during more recent times, Artashes is able to run his business in a sustainable way, ensuring that he will be able to cover the monthly payments. So, he 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 a bad credit history and have no access to credit products. Artashes and his family will be thankful to all the lenders, for helping them to maintain their business.
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