As a hardworking mother of the family, Sarine herself has been running a small start-up business. She makes pastries and sells them locally. Due to her talent for making very tasty cookies and pastries, she receives a lot of orders during a month. Now Sarine has applied for this loan in order to be able to purchase some tools and materials needed for her work.
She has 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 favorable conditions to informal businesses that do not have access to credit products.
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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This loan has been fully funded!