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Arshaluys is from the Malishka village in the Vayots Dzor region. She lives with her husband. Both of them work hard to meet their needs. Arshaluys works in the village local self-governance body, and her husband works in the private sector. To cover their expenses, they are also engaged in breeding livestock--cows and hens--and cultivating apricots, apples, pears and walnuts. In the present,it is very difficult for the family to fully cover their needs. This is why Arshaluys wants to increase their livestock a little bit. She needs a loan of USD 2100 to purchase two steers and forage for them. She has already taken a loan from a local financial institution, but unfortunately wasn't able to pay it back. However, thanks to hard work during the recent times, Arshaluys was able to organize her farming 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. Arshaluys and her husband rely on the good will of the lenders and will be thankful to them for helping them sustain their lives.

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
  • 131
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Arshaluys to purchase two steers and forage for them.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 15, 2013
Nov 5, 2013
Currency Exchange Loss:
Aug 17, 2014