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Ruzanna has been involved in agriculture for 11 years. She is a very hardworking farmer and does her best to sustain her children’s living.

Ruzanna took a loan from a local financial institution before and was unable to repay it, due to her family's weak financial situation and her unemployment. But after years of tireless work, she has been able to find a good job and owns a farm, which is profitable enough to cover monthly payments. Now, Ruzanna has 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. This loan is very important, for Ruzanna to enlarge her farm and to be able to improve her children’s living conditions. With the loan funds, Ruzanna will purchase calves and forage for feeding them, and will renovate her greenhouse.

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
  • 162
    View loans »
    Armenia Loans Fundraising
  • $17,058,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,000 helped Ruzanna to purchase calves and forage for feeding them, and to renovate her greenhouse.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 30, 2013
Sep 3, 2013
Currency Exchange Loss:
Oct 3, 2013