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Davit is a farmer from Haykadzor village of Shirak region. He lives with his wife, daughter, two sons and daughter-in-law. To take care of his family’s needs Davit is extensively engaged in agribusiness. He is involved in cattle breeding, in breeding a livestock of sheep, in aviculture (birds), in beekeeping and in cultivation of wheat. Davit’s sons help him in selling the agricultural products in the local market.

To be able to run his agribusiness in a more efficient way, Davit needs a loan of $3000 USD to purchase agricultural machinery. With the help of the machinery it will be easier for him and for his family members to organize their agribusiness. As this is Davit’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. Davit and his family are thankful to the lenders for their 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
  • 152
    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 Davit to purchase agricultural machinery.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 14, 2013
Nov 3, 2013
Currency Exchange Loss:
Mar 19, 2015