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Khanum is an agronomist from Lernagog village in the Armavir region. She lives with her husband, school-age son and daughter (16 and 2 years old), and parents-in-law. Khanum works as a babysitter in the local kindergarten. Her husband works in the village local self-governance body. They are the main breadwinners of family. However, the salaries are so low that they cannot afford a living based on those salaries alone. With the help of her family members, Khanum is engaged in cattle breeding, in breeding pigs and hens, and in cultivation of apricots. They realize the agricultural products in the local market, which is an important source of income. To continue running her agribusiness in a sustainable way, Khanum needs a loan of USD 3,000 to purchase five steers and to buy some forage for the livestock, preparing it for the winter. As this is Khanum’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. Khanum and her family rely heavily on the good will of the lenders and will appreciate their support in collecting the needed loan.

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
  • $14,083,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Khanum to purchase five steers and forage for the livestock.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 30, 2013
Nov 12, 2013
Currency Exchange Loss:
Aug 17, 2014