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Karine is young agronomist from Artashat town. She lives there with her husband and 4-years-old daughter.
Together with her husband, Karine has been involved in agriculture for 5 years.
Specifically they grow apricot trees and run a grape orchard. Karine also works at a local grocery store as a cashier to earn income for her family. The requested loan of USD 2000 will be a great support for Karine to purchase wires for renovation of the orchard and cover irrigation costs.
Karine has already taken a loan from a local financial institution before, but unfortunately wasn't able to repay it. However, thanks to the hard work recently, Karine was able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments. So, she has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The second-chance loan program provides loans to people who have a bad credit history and have no access to credit products. Karine and her husband will be thankful to all the lenders for helping them to maintain their agribusiness.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,000 helped Karine to pay for wires for renovation of the orchard and cover irigation costs.
55% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 3, 2014
Jun 11, 2014
Currency Exchange Loss: