Anna herself lives in Kapan, which is located in the Syunik region. Her family consists of her husband and two little children (ages 11 and 5 years old). Beekeeping is the only source of income for this family, so Anna and her husband work hard to gather good honey.
The requested loan of USD 2,800 will help Anna to purchase supplies needed for renovating the colonies of bees. She has taken a loan from local financial institutions before, but because of very difficult financial conditions, wasn't able to pay it back on time. Now, by ensuring that her beekeeping is successful and that she is able to provide monthly payments for this loan, Anna has been approved for this loan.
She has been approved for the 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.
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