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Vruyr is an agronomist form Goris city of Syuniq region. He lives with his wife, school-age daughter, and 3-year-old son. Vruyr's wife works in the private sector.

Vruyr is engaged in breeding a livestock of pigs and piglets and in beekeeping. He realizes the agricultural products in the local market, which is an important source of income for the family.

His agribusiness currently needs some investments in order to become more productive and to develop in a sustainable way. A loan of USD 1,500 will help Vruyr greatly, enabling him to purchase ten beehives and five piglets.

He has already taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to the hard work during recent times, Vruyr 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. Vruyr 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
  • 159
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Vruyr to purchase five piglets and ten beehives.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 9, 2013
Nov 3, 2013
Currency Exchange Loss:
Nov 17, 2014