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Melsida is an experienced farmer from Masis village in the Ararat region. She lives with her husband, her daughter, her school-age son and her parents-in-law.

Melsida is a nurse. As her salary is very low, for more than 16 years she has engaged in cultivation of wheat and several fruits (peaches, apricots, figs and pears) to be able to meet the needs of her family. With the help of her husband, she sells the agricultural products in the local market. Melsida's husband works as a driver in the private sector. They work hard to be able to earn a living for the family.

The family's agribusiness currently needs some investments. They need a loan of USD 1,500 to purchase fertilizers, to pay for harvesting services, to buy wheat seeds, to purchase cellophane for the greenhouse and to renovate the greenhouse.

She has already taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to hard work during recent times, Melsida was able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments.

So she 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. Melsida and her family will be 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
  • 143
    View loans »
    Armenia Loans Fundraising
  • $14,385,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Melsida to purchase fertilizers, pay for harvesting services, buy wheat seeds, and renovate the greenhouse.
60% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 11, 2013
Oct 21, 2013
Currency Exchange Loss: