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Arthur is a farmer from the Nor Kesaria village of the Armavir region. He lives with his wife and two-year-old daughter. His wife works in the village secondary school. Her salary is so low that she cannot afford a living based on that salary alone.

To cover his family's needs, Arthur is engaged in cattle breeding, and in plant cultivation. He cultivates onions, melon, and alfalfa, and sells the agricultural products in the local market.

To sustain his agribusiness, Arthur needs a loan of USD 1,000 to purchase some forage for cattle, and to buy onion seeds. He has already taken a loan from a local financial institution before, but unfortunately, wasn't able to repay it.

However, thanks his recent hard work, Arthur 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.

Arthur and his family will be thankful to all the lenders and will highly appreciate their 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
  • 160
    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 $1,000 helped Artur to purchase some forage for cattle, and to buy onion seeds.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 28, 2013
Nov 6, 2013
Currency Exchange Loss:
Nov 17, 2015