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Ruzanna is a farmer from Noramarg village, in Ararat region. She lives with her husband and mother. With the help of her family members, she is engaged in breeding livestock of cows and pigs, and in cultivation of grass. Her husband realizes income from the agricultural products in the local market. This is the main source of the family's income.

As life is getting more expensive day by day, Ruzanna wants to expand her agribusiness to be able to make ends meet. A loan of USD 1000 will be a great support to this hard-working woman and her family, enabling her to purchase pigs. As this is Ruzanna’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 didn’t have access to credit products before, because they have no credit history. Ruzanna and her family highly rely on the good will of the lenders and will appreciate their support in collecting the needed amount for the loan to maintain and develop their agribusiness.

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
  • 93
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Ruzanna to purchase more pigs.
54% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 21, 2013
Nov 12, 2013
Currency Exchange Loss: