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Laura is a teacher with many years of experience teaching at local school. She lives in Meghri town with her husband and son. As well as her job in the school, Laura also runs a farm with her husband. They keep a cow and a calf, and Laura uses their milk in cheese production and sells to locals.
Realizing that agricultural income is very important for her family, Laura would like to increase it. She has applied for this loan. As this is Laura'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.
Thus, the loan is very important for Laura to increase her livestock by two more cows and increase the production of cheese. She hopes for your support.

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

  • $6,300
    Average annual income
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Laura to buy two cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 30, 2013
Sep 3, 2013
Currency Exchange Loss:
Aug 17, 2015