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Geghanush is an experienced agronomist from Aknalij village, in Armavir region. She lives with her son and daughter-in-law.

Geghanush works in the private sector. The salary that she gets is not enough to meet her family's needs. To cover her family's needs, Geghanush is engaged in breeding livestock, including cows, pigs, piglets and hens, and in the cultivation of greens and alfalfa. Her son helps her sell the agricultural products in the local market.

As their needs are growing day by day, Geghanush needs to expand her agribusiness to be able to effectively meet her family's needs. She needs a loan of USD 1,500 to purchase wheat seeds, to buy fertilizers, to buy six pigs and to purchase some forage for the livestock. She has previously taken a loan from a local financial institution, but unfortunately wasn't able to pay it back. However, thanks to the hard work during the recent times, Geghanush 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. Geghanush 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
  • 159
    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 $1,500 helped Geghanush to purchase wheat seeds, to buy fertilizers, to buy six pigs and to purchase some forage for the livestock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 17, 2013
Nov 2, 2013
Currency Exchange Loss:
Sep 17, 2015