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Update on Hrachuhi

Hrachuhi lives in Lor village with her husband and two sons (her elder son is in the photo). She works at the local village school and also is involved in agriculture. The farm that they own includes cows, calves, chickens and colonies of bees. Hrachuhi also cultivates wheat, potatoes and grass. She took out a Kiva loan from SEF last year and successfully paid it back. The cooperation with Kiva was very helpful for Hrachuhi and she was a very responsible client.
She has now applied for this loan to purchase 40 more colonies of bees and forage for the livestock. This will enable her to increase the income from agriculture and cover costs.
Hrachuhi hopes for lenders' support one more time.

Previous Loan Details

Hrachuhi is from the village Lor, in the Syuniq region. She lives with her husband and two small sons (six and seven years old). Hrachuhi is employed in the private sector. However, her salary is very low and the family needs alternative sources of income to meet their daily costs. This is wh... More from Hrachuhi's previous loan »

Additional Information

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Armenia

  • $6,300
    Average annual income
  • 99
    View loans »
    Armenia Loans Fundraising
  • $13,954,625
    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 Hrachuhi to pay for 40 colonies of bees and forage for feeding the livestock.
68% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 31, 2014
Feb 18, 2014
Currency Exchange Loss: