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Naira is an experienced farmer from Vahagni village of Lori region. Her family consists of her husband and two school age sons (16 and 12 years old). Naira’s husband has migrated to Russia as a labor migrant; he works there and sends some money to the family to take care of their needs. Naira is employed in the government sector, in the postal service. She works hard for a living every day. Naira is also engaged in cattle breeding, in aviculture, in breeding pigs, and in the cultivation of potatoes, grass, plums, apples and pears. She sells the agricultural products in the local market, which is the most important source of her family’s income. As autumn is progressing, Naira needs to prepare her agribusiness for the winter. She needs a loan of 1500 USD to buy forage for her cattle. She has taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to her hard work during in recent times, Naira was able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments. Therefore, she 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. Naira and her family will be thankful to all the lenders for helping them maintain 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
  • 94
    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 $1,500 helped Naira to buy forage for her cattle.
51% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Oct 30, 2013
Nov 13, 2013
Currency Exchange Loss: