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Marine
Marine lives in Haghartsin Village in Tavush Region, and jointly with her husband, has been engaged in agriculture for many years. Their livestock currently includes cows, pigs, piglets and chickens. Near the village where Marine and her family live, they own a plot of agricultural land, where they cultivate corn and potatoes and grow different types of fruits (plums, nuts, apples, and pears).

Marine and her husband work really hard to gather good a harvest, sell it locally and sustain their living. They have an 11-year-old son, who attends school and sometimes helps his parents with cattle breeding.

Marine has taken a loan from a financial institution before, but because of the family's poor conditions, she wasn't able to pay it back. However, over these years of tireless work, she was able to own her farm, which is profitable enough to cover monthly payments. Marie 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 bad credit history behind them and have no access to credit products. With the loan's help, she plans to purcahse a cow and use its milk in cheese production.

Let's help this hard-working family to prove that everybody can overcome life’s difficulties through hard and devoted work.

Additional Information

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 International

SEF’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.

About Armenia

  • $6,400
    Average annual income
  • 127
    View loans »
    Armenia Loans Fundraising
  • $12,884,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Marine to pay for a cow.
81% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2013
Listed
Aug 22, 2013
Currency Exchange Loss:
N/A