Zaven and his elder brother are army officers, but when they are at home they help their parents with farming. By applying for this loan, Zaven and his family are asking for financial support to be able to enlarge their farm. The loan will help them to purchase barley, potato seeds and grass as forage for their livestock. The family will be very grateful to Kiva lenders for their support.
As this is Zaven'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 in the past because they had no credit history.
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