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Seda lives with her family in Mrganush village, in the Ararat region. She and her family have been involved in agribusiness for 15 years. They run a farm which includes a cow, two calves and a big orchard where a large variety of fruit trees are grown (peach, cherry, plum, nut, apple and pear). Seda's father and brother sell the gathered harvest at local markets to earn an income for the family's living. Agriculture is the only source of their income so it is very important for this hardworking family to run their farm in a sustainable way.

The requested loan of USD 3,000 is important for Seda to pay for renovations to the barn and to purchase 2 oxen. As this is Seda'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
  • 100
    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 $3,000 helped Seda to pay for renovating the barn and to purchase 2 oxen.
62% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 10, 2014
Jun 16, 2014
Currency Exchange Loss: