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Hasmik is a farmer from the village of Bagravan in Shirak region. She lives with her husband, three school-age daughters, and six-year-old son. Hasmik's husband supports her greatly in the everyday farming activities.

Hasmik is breeding a livestock of cows, calves and hens. She is also involved in cultivation of wheat, barley and grass. Farming is the only source of family income. As the needs of the family are growing day by day, Hasmik needs to enlarge her agribusiness to be able to meet the needs of the family.

A loan of USD 2,000 will be a huge support to this hardworking woman and her family, and will enable them to purchase new calves, seeds, forage for the livestock and fuel for the agricultural machinery.

As this is Hasmik’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.

The family will be very thankful to the lenders for supporting them maintain and develop 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
  • 132
    View loans »
    Armenia Loans Fundraising
  • $14,333,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,000 helped Hasmik to purchase calves, seeds and forage for the livestock, and fuel for the agricultural machinery.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 23, 2013
Sep 28, 2013
Currency Exchange Loss:
Oct 28, 2013