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Larisa lives with her husband, son and daughter in Mets Parni village. Her elder son serves in the army. Her husband and son are construction and seasonal migrant workers in a neighboring country. Larisa runs a farm to help tackle financial hardship. She keeps livestock (cows, 2 pigs and chickens) and cultivates wheat, potato and beet. The gathered harvest Larisa sells in the nearby open markets and gathers income which is very important for the family's living. Larisa applied for this loan to be able to purchase 4 oxen and potato seeds for cultivation. This will enable her to enlarge her farming activities and gather more income for her family.

As this is Larisa'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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Larisa to pay for 4 oxen and potato seeds.
64% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Feb 24, 2014
Mar 23, 2014
Currency Exchange Loss: