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Artyom is from Bandivan village in the Shirak region. He is an attractive farmer with many years of experience in this field. Currently, he works as a grazier and breeds his co-villagers' livestock. This provides Artyom with income, which is very important for him to sustain his family. Artyom lives with his wife and is a father of three children (shown in the photo). Besides working as a grazier, Artyom runs his own farm. It includes chickens, calves and cows.

Artyom asked for a loan to purchase three calves and wheat seeds. As this is Artyom'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, this loan is very important for Artyom to enlarge his farm and be able to ensure a better life for his family.

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
  • 99
    View loans »
    Armenia Loans Fundraising
  • $13,987,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Artyom to buy three calves and wheat seeds.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jul 31, 2013
Sep 3, 2013
Currency Exchange Loss:
Mar 19, 2015