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Ani is from the village of Avshar in the Ararat region. Her family consists of her husband, her school-age daughter (7 years old) and her small son (four years old). Ani works in the kindergarten as an educator. She and her husband try to earn a living for their family. However, the low salaries are not enough to meet the basic needs of their family.

Ani and her husband are involved in horticulture as well. This is an important source of income for them. They grow peaches, apricots and apples. Ani's husband helps her to sell the fruit in the local market. As life gets more expensive day by day, Ani wants to find new sources of income.

A loan of $3,000 USD will help her to buy a cow, fertilizer and tractor fuel. It will also help to pay for the water bills and to pay for the workforce to be able to continue the growing and the harvesting of the fruit.

As this is Ani's first loan, it has been approved within the framework of the new joint initiative of Kiva and SEF. The first-chance loan program provides loans to people who have not had access to credit products before because they have no credit history. Ani and her family depend on the goodwill of the lenders and are very thankful to them.

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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ani to buy a cow, fertilizer and tractor fuel and to pay for water and a farm workforce.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 14, 2013
Sep 15, 2013
Currency Exchange Loss:
Jul 17, 2015