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Qajik is a farmer from the Bandivan village in the Shirak region. He lives with his family: his wife, daughter, and son. Qajik’s son is presently in the military service. Qajik takes care of his family by breeding livestock such as cows, sheep, pigs, and hens. His family also cultivates wheat and alfalfa. Livestock breeding and cultivating wheat and alfalfa are the only sources of the family's income.

Qajik is requesting a 3,000 USD loan to purchase some forage for the livestock as autumn is progressing. This is his first loan and it has been approved within the framework of the new joint initiative of Kiva and SEF. This first-chance loan program provides loans to people who didn’t have prior access to loans because they had no credit history. Qajik and his family hope for the good will of the lenders to support them to gather the needed financial resources to buy forage for their livestock.

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
  • 151
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Qajik to pay for livestock forage.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 13, 2013
Sep 15, 2013
Currency Exchange Loss:
Oct 15, 2013