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Susanna is a widow from Aregnadem village of Shirak region. She lives there with her two sons. Susanna has been engaged in animal husbandry for a long time. She breeds cattle (including six cows) and hens. The family also runs a farm and cultivates wheat and barley. Susanna's younger son is a teenager, so only two family members are fully engaged in agricultural activities.

Susanna now wants to make some investments into her agribusiness to expand and make it more profitable. She has taken a loan from a financial institution before, but because of the family's poor conditions, she wasn't able to pay it back. However, over these years of tireless work, she was able to own her agribusiness, which is profitable enough to cover monthly payments.

Susanna 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 bad credit history behind them and have no access to credit products. With the loan's help, she is planning to purchase two cows, 12 bags of fertilizers and 100 packs of animal feed.

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
  • 110
    View loans »
    Armenia Loans Fundraising
  • $14,010,625
    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 Susanna to purchase livestock (two cows), fertilizers (12 bags) and animal feed (100 packs).
43% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 30, 2014
Jul 20, 2014
Currency Exchange Loss: