Armine and her family are also involved in making besom. To continue running her agribusiness in a sustainable way, Armine needs to make some investments. A loan of USD 2,000 will help her greatly, enabling her to purchase besom seeds, buy some fertilizers, pay for the harvesting services, and purchase pigs.
As this is Armine’s first loan, it has been approved within the framework of the new joint initiative between Kiva and SEF. The first-chance loan program provides loans to people who didn't have access to credit products before, because they have no credit history. Armine and her family will be very thankful to the lenders for their goodwill and support in collecting the needed amount of loan to 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