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Suren lives with his family in Hayanist village. He lives with his wife, father, and two little kids. He has been involved in an agricultural business for more than eight years and is the only breadwinner of his family. Currently Suren breeds a livestock including cows, sheep, and pigs. Near the village where Suren lives, he also owns a plot of land where tomato is being cultivated. By selling agricultural products in the local markets, Suren gets the income, which is vital for his family's well-being.

So now, this hardworking farmer asks a loan of USD 3000. He will use it to purchase cows, pigs and forage. Suren has already taken a loan from a local financial institution before, but unfortunately was not able to pay it back. However, thanks to his hard work during the more recent times, Suren was able to run his agricultural business in a sustainable way, ensuring that he will be able to cover the monthly payments. So, he 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. The loan is very important, for Suren to increase his farm and ensure a better life for his beloved family.

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
  • 152
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Suren to pay for cows, pigs, and forage for feeding them.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 16, 2013
Sep 20, 2013
Currency Exchange Loss:
Oct 20, 2013