100%

funded

Total loan: $1,500

Ofik

Amberd village, Armavir Province, Armenia / Agriculture

Ofik's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to pay for fertilizer, pesticides, and to cover cultivation costs and hiring workers for land cultivation work.


Ofik's story

The woman in the photo is Ofik from Amberd village. She lives there with her family: her two sons, daughter-in-law, two grandchildren and husband. Ofik's husband went to a neighboring country as a migrant worker with the hope of helping his family financially. Now, the family's only source of income is agriculture. Ofik and her sons cultivate land and keep hens. They get harvest from haricot, potatoes, cucumbers, greens and watermelon, and they sell the final produce in local markets. Ofik has applied for this loan to purchase fertilizer, pesticides, and to cover cultivation costs and hiring workers for land cultivation work. Because the arable land is very big, it is very important for Ofik and her sons to get support and organize the cultivation work. As this is Ofik's first loan, it has been approved within the framework of the joint initiative between Kiva and SEF. The First-Chance loan program provides loans to people who didn’t have access to credit products before, because they have no credit history. Through this joint initiative, almost 500 borrowers like Ofik get a chance to have their first loans and develop their businesses. Ofik hopes for the lenders' support.