Check out some available loans that are similar to this one!
Edik is an experienced agronomist from Aragats village of the Armavir region. He lives with his daughter. To take care of his family's needs, Edik is engaged in cultivation of potatoes, cucumbers and greens. He sells the agricultural products in the local market, which is the only source of the family's income.

To continue running his agribusiness in a sustainable way, Edik needs a loan of USD 2,000 to purchase cellophane and cables for building a greenhouse for plant cultivation and to buy potato seeds. He has already taken a loan from a local financial institution before but unfortunately wasn't able to return it back. However, thanks to hard work during the recent times, Edik was able to run his agribusiness in a sustainable way, ensuring that he will be able to cover the monthly payments. 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. Edik and his daughter will highly appreciate the lenders support and will be thankful to them for their good will.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,833,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Edik to purchase cellophane and cables for building a greenhouse for plant cultivation and to buy potato seeds.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 22, 2013
Nov 6, 2013
Currency Exchange Loss:
Nov 17, 2015