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Elena lives in Amrakic village with her husband and two children (a 17-year-old son and 15-year-old daughter).

The family owns a farm. They keep cows, pigs, piglets, chickens, and colonies of bees. Near the house where the family lives, Elena also cultivates wheat, potatoes, and grass as forage for feeding the livestock. Elena uses the milk in cheese production and her husband sells it in Yerevan.

By applying for this current loan, Elena would like to ask for financial support to be able to purchase forage for feeding the livestock. Elena has already taken out a loan from a local financial institution, but unfortunately wasn't able to repay it. However, thanks to her hard work during recent years, Elena and her husband were able to run their agribusiness in a sustainable way, ensuring that they will be able to cover monthly payments. So, she has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF International which provides a second-chance loan to people who have a bad credit history and no access to credit. The loan will be a huge support to this family to sustain their farm and they hope for your 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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,350,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Elena to pay for forage for feeding her livestock.
70% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 24, 2014
Feb 17, 2014
Currency Exchange Loss: