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Susanna is from Dalarik village, in Armavir region. She lives with her mother-in-law and 20-year-old son. Her husband is a migrant worker. Susanna, with the help of her son, has been involved in agribusiness. She runs a farm that includes a cow, 30 chickens, and land that she owns, where she cultivates tomato and watermelon.

Susanna's husband helps her family financially from time-to-time, but for tackling financial hardships agriculture is the main source of the family's income. Now, Susanna asks a loan for being able to purchase pigs, oxen, and forage for feeding the livestock. Susanna has already taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to the hard work during more recent times, Susanna has been able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments. So 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 other credit products. The loan will be a huge support for this hard-working woman.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Susanna to pay for pigs, oxen, and forage for feeding the livestock.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 25, 2013
Jan 14, 2014
Currency Exchange Loss:
Feb 20, 2015