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Samvel is married and has one child who is in the military service. He is an experienced farmer from Vanadzor city of Lori region. His wife works at a school as a teacher. Samvel is engaged in breeding livestock such as pigs, piglets, and hens. He sells his livestock in the local market. He and his wife work hard to be able to cover their needs.

Agribusiness is the main source of family's income. To continue running it in a sustainable way, Samvel is requesting a loan for $3,000, which he will use to purchase some forage for the livestock (barley and combined forage) and to pay for transportation services. As this is Samvel’s first loan, it has been approved within the framework of the new joint initiative of Kiva and SEF. The first-chance loan program provides loans to people who did not have access to credit products before because they have no credit history.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Samvel to purchase forage for the livestock and to pay for transportation services.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 25, 2013
Nov 12, 2013
Currency Exchange Loss:
Jan 11, 2014