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Elena is a farmer from Norashen village in the Ararat region. She lives with her husband, two small daughters (six and three years old), and her mother-in-law. Elena's husband works in the private sector. To assist her husband in earning a living for the family, Elena is engaged in cultivation of tomato, alfalfa, and several fruits (apricot, cherry, pomegranate, grapes and walnut). Horticulture is an important source of income for the family. They realize the agricultural products in the local market. They have two special refrigerators for fruits, where they can keep fruits fresh for a long time. Elena currently needs a loan of USD 3,000 to buy grapes and keep them in the fruit refrigerators to sell them during the winter. She and her family will be thankful to the lenders for helping them collect the needed loan to maintain and develop their agribusiness.

Additional Information

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Elena to buy grapes to keep and sell during the winter.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 23, 2013
Oct 24, 2013
Currency Exchange Loss:
Oct 17, 2015