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Artyom is a farmer from Lusaghbyur village in the Shirak region. He lives with his wife and two little daughters (6 and 4 years old). He is employed in the private sector, however, his salary alone is not enough to meet the needs of his family.

Artyom is engaged in cattle breeding, in breeding livestock (sheep and pigs), in agriculture, and in the cultivation of wheat. He sells the agricultural products in the local market. Agribusiness is the most important source of the family’s income.

To be able to more effectively meet the growing needs of his family, Artyom needs a loan of USD $3,000 to purchase two cows, a calf, some forage for cattle, and to make previous credit repayments.

He had already taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to his recent hard work, Artyom 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.

Artyom and his family will be thankful to all the lenders for helping them to sustain 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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    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 Artyom to purchase two cows, a calf, some forage for cattle, and to make previous credit repayments.
85% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 15, 2013
Nov 4, 2013
Currency Exchange Loss: