Georgi is the father of a daughter. He lives with his wife, retired mother and 30-year-old daughter. His wife is a musician and works at a local musical school. Georgi works hard to gather a good income and cover the family's basic needs.
Now, by asking for this loan, Georgi would like to ask for financial support to purchase tools and equipment needed for his work. Georgi 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.
This loan is very important for Georgi to continue providing his service with better tools and equipment and provide better service to his clients.
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