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Armine is a farmer from Tatev village of Syuniq region. She lives with her husband and two school-age sons – 10 and 8 years old. With the help of her husband Armine is extensively engaged in agribusiness which is the main source of the family's income. They are involved in cattle breeding, in aviculture, in breeding a livestock of sheep, and in beekeeping. Armine's husband sells the agricultural products in the local market. Armine and her husband work hard to be able to cover the increasing needs of the family. As life is getting more expensive day by day, Armine wants to expand her agribusiness a little bit to be able to meet the daily costs of the family more effectively. She needs a loan of USD 2000 to purchase two cows. As this is Armine’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. She and her family will be very thankful to the lenders for their goodwill and support.

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
  • 142
    View loans »
    Armenia Loans Fundraising
  • $14,390,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Armine to purchase two cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 7, 2013
Nov 30, 2013
Currency Exchange Loss:
Sep 17, 2014