Due to a kind attitude toward people, Alla was able to gain customers in Armavir town. Now, as the business is new, Alla needs to fill the store with new products.
So, she has applied for this loan to purchase products needed for the store.
Alla had already taken a loan from a local financial institution before, but unfortunately, wasn't able to return it back. However, thanks to the hard work during the recent times, Alla was able to open a new store, ensuring that she will be able to cover the monthly payments.
So, she 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.
The loan is very important for Alla to have a successful business and gather more income for her son.
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