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Marusya is a mother of six children, five daughters and a son. Together with her husband, they are involved in agriculture. They keep livestock (cows, calves, chickens and bees) and cultivate land (corn, haricots and potatoes).

Besides their farm, Marusya's husband also takes care of local villagers' colonies of bees. The income that he gathers is vital for this big family's living.

Marusya applied for this loan of USD 1,200 to be able to purchase five more colonies of bees for their farm.

She would like to enlarge the production of honey, and be able to gather more income for her family's living.

As this is Marusya'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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,833,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,200 helped Marusya to pay for five colonies of bees.
45% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Mar 24, 2014
Apr 8, 2014
Currency Exchange Loss: