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Marine is an experienced farmer from Sisian city of the Syuniq region. She lives with her husband, son, and elderly, pensioner mother-in-law. Marine works in a kindergarten and her son is a contractual serviceman in the military. With their low salaries, however, they cannot afford a living. To be able to meet her family's needs, Marine is engaged in breeding a herd of sheep in addition to being involved in aviculture, pisciculture, and the cultivation of potatoes, apples, pears, and walnuts. Marine's husband helps her greatly in her everyday farming activities; he brings the agricultural products to the local market.

To continue running her agribusiness in a sustainable way, Marine needs a loan of 3,000 USD to purchase twenty sheep and some feed for the livestock. As this is Marine’s first loan, it has been approved within the framework of the new joint initiative between Kiva and SEF. The first chance loan program provides loans to people who haven't had access to credit products in the past because they have no credit history. Marine and her family will be very thankful to the lenders for their good will 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 Marine to purchase twenty sheep and some feed for the livestock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 14, 2013
Nov 6, 2013
Currency Exchange Loss:
Mar 19, 2015