Check out other loans that are currently fundraising!
Armen is a farmer from the village of Ayntap in the Ararat region. His family consists of his wife and three school aged children (a son and two daughters). Armen is currently engaged in livestock farming which is the main source of his families income. Armen also cultivates some vegetables, which are sold in the local market. The family’s needs are growing day by day and he needs to work harder to earn a living. Armen currently is eager to enlarge the number of livestock he has. To be able to do so, he requests USD $3,000, which will assist him greatly to purchase cows and to buy some forage for his pigs. Armen has already taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to their hard work in recent times, Armen was able to run his agribusiness in a sustainable way, ensuring that he will be able to cover the monthly payments. So, he 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 a bad credit history and have no access to credit products. Armen and his family is thankful to all the lenders for helping them to maintain their agribusiness.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,836,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Armen to purchase cows and to buy some forage for his pigs and piglets.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 16, 2013
Sep 19, 2013
Currency Exchange Loss:
Sep 17, 2015