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Svetlana is from the village of Irind in the Aragatsotn region. She lives with her family and daughter. Svetlana has been a teacher in the local village school for many years. She is the only breadwinner of the family. Her salary of a teacher, however, is not enough to meet the everyday needs of her family.

Svetlana is engaged in breeding livestock; cows, sheep, and hens, as well as in beekeeping. She cultivates potatoes, alfalfa, grass and walnuts. Svetlana's agribusiness currently needs some investment to function in a sustainable way. She needs a loan of USD 3000 to buy three calves, some forage for the livestock and to make credit repayments. She has already taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to hard work during recent times, Svetlana has been able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments. Therefore, she 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. Svetlana will be thankful to all the lenders for helping her to maintain her agribusiness.

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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Svetlana to buy three calves, some forage for the livestock and to make credit repayments.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 26, 2013
Oct 2, 2013
Currency Exchange Loss:
Nov 1, 2013