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Hripsime is from Margahovit village in the Lori region. She lives with her husband, two sons, two daughters-in-law, and little grandchildren. The family owns a farm. It includes livestock of cows, pigs, piglets, and chickens as well as arable land where they cultivate potatoes, cabbage, and grass for feeding the livestock.

Hripsime's sons help their parents to sell the gathered harvest in local open markets.

Realizing that income from agriculture is very important for sustaining this big family's living, Hripsime has decided to apply for this loan. She plans to purchase three cows and enlarge the livestock.

As this is Hripsime's first loan, it has been approved within the framework of the new joint initiative between 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.

Hripsime and her family will be very grateful to lenders for their support and goodwill.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Hripsime to pay for three cows.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 20, 2013
Jan 16, 2014
Currency Exchange Loss:
Sep 17, 2015