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Karine is a hardworking woman from Miasnikyan village. She lives with her husband and two sons.
Karine's elder son drives a taxi and the other one attends local village school.
Karine and her husband are farmers. They keep 3 cows and cultivate different types of vegetables (tomato, cucumber pepper and watermelon). The gathered harvest they sell in local open markets and earn income for family’s living. This requested loan will be a big support for their farm. Karine asks that to be able to purchase watermelon and tomato seeds, fertilizer and also hire workers for organizing cultivation process.
As this is her 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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,100 helped Karine to pay for watermelon and tomato seeds, fertilizer and hire workers for land cultivation.
81% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 13, 2014
Mar 26, 2014
Currency Exchange Loss: