The family also runs their own farm, which includes cows, calves and chickens, and cultivates wheat, barley and potatoes. The gathered harvest they sell in the local markets to earn income for a living.
The requested loan of USD $2,600 will be a great support for Marine to pay for forage for feeding the livestock.
This hardworking family hopes for Kiva lenders' support and goodwill.
As this is Marine's first loan, it has been approved within the framework of the new joint initiative of Kiva and SEF. The first-chance-loan program provides loans to people who didn't have access to credit products before, because they have 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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