Total loan: $1,500


Miasnikyan village of Armavir region, Armavir Province, Armenia / Agriculture

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A loan helped to pay for a cow, a pig and forage for feeding the livestock.

Karine's story

Karine is from Miasnikyan village of Armavir region. She lives with her husband, father-in-law (in the photo) and her two school age children. Karine's husband is a migrant worker in a neighboring country and Karine, together with her father-in-law, has been involved in agriculture. They own a farm which includes livestock of a pig, cows and chickens and also cultivate wheat, tomatoes, sunflowers, watermelon, and greens. Karine and her father-in-low work hard to gather a good harvest and by selling it in the local open market gather income for their living. Now by applying for this loan, Karine plans to purchase a cow, a pig and forage for feeding the livestock. She has already taken a loan from a local financial institution before, but unfortunately wasn't able to return it back. However, thanks to hard work during the recent times, Karine and her family were able to run their agribusiness in a sustainable way, ensuring that they will be able to cover the monthly payments of this loan. So, Karine 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 hopes and waits for lenders' support.