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Elmira is an agronomist from the city of Goris in the Syuniq region. She lives with her husband and two daughters. To be able to meet the everyday needs of the family, Elmira is engaged in breeding livestock, particularly cows and sheep. Her husband helps her a lot in selling the agricultural products in the market.

As life gets more expensive, the family's everyday costs are also increasing. Elmira now needs to enlarge the herd of livestock a little bit to be able to meet her family's needs more effectively. A loan of USD 1,500 will be a great support to Elmira and her family, helping them to purchase a new cow. This will give them more opportunities to develop their agribusiness.

As this Elmira'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. The family will be very thankful to the lenders for the goodwill and support.

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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Elmira to purchase a cow.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 20, 2013
Sep 26, 2013
Currency Exchange Loss:
Aug 17, 2014