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Gyulvard is a farmer from Amasia village of Shirak region. She lives with her husband and two sons. Her husband and eldest son work in the private sector, and her youngest son works in a rescuing service. Their salaries, however, are so low that they cannot afford their living expenses based on those salaries alone.

To help her family in earning meet their living expenses, Gyulvard is engaged in cattle breeding, in breeding a livestock of sheep, in aviculture (birds), and in cultivation of wheat and barley. Her husband and sons sell the agricultural products in the local market. Agribusiness is an important source of the family's income. To sustain her agribusiness Gyulvard needs a loan of $3000 USD to purchase forage for the livestock (barley, grass, and sawdust), and to buy some fertilizer.

As this is Gyulvard’s first loan, it has been approved within the framework of the new joint initiative of Kiva and SEF. The first-chance loan program provides loans to people who didn’t have access to credit products before, because they have no credit history. The family will be very thankful to the lenders for the goodwill and support.

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
  • 124
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Gyulvard to purchase forage for the livestock (barley, grass, and sawdust) and to buy some fertilizer.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 3, 2013
Nov 3, 2013
Currency Exchange Loss: