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Margarit lives in Haykashen village with her husband and 4 children (three daughters and a son).
Her husband is employed in the private sector, but with only his salary it is not possible to meet the family's basic needs. Therefore Margarit and her children are running a farm. They own a greenhouse where they cultivate tomatoes, cabbage and some greens.
Margarit will be very thankful if lenders help her with this requested loan of USD 2500. She asks that to be able to purchase fertilizer, seeds and hire workers for the cultivation process. The loan will provide a large support for family's farming business.
As this is Margarit'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 in the past because they have no credit history.

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
  • 105
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,500 helped Margarit to pay for fertilizer, seeds and to hire workers for the cultivation process.
61% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Feb 28, 2014
Mar 21, 2014
Currency Exchange Loss: