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Vahan is an experienced farmer from Tsaghkunq village of Armavir region. He lives with his wife, daughter, son, and elderly mother. To be able to take care of his family Vahan is engaged in breeding livestock such as cows, piglets, and hens and cultivates tomatos, greens and alfalfa. Vahan's family members help him greatly in his activities related to farming; Vahan's son helps him sell the agricultural products in the local market. In order to run his agribusiness in a sustainable way, Vahan needs a loan of USD 2,500 to purchase wheat seeds, fertilizer, forage for his livestock, harvesting services and to make previous credit repayments. He has already taken a loan from a local financial institution before, but unfortunately wasn't able to repay it back. However, thanks to his hard work recently, Vahan 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. Vahan and his 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
  • 151
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,500 helped Vahan to pay for the harvesting services and to make previous credit repayments.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 9, 2013
Oct 27, 2013
Currency Exchange Loss:
Nov 26, 2013