A loan of $2,500 helped to purchase fertilizers, some materials for cultivation of grapes (wires, trestles, layers of grapes), and to pay for the harvesting services.


Araqsi's story

Araqsi is from Mrgashat village of Armavir region. Her family consists of her husband, daughter, and son. The latter currently is in the army. Araqsi's daughter is a university student. Araqsi has been a teacher in the local school for several years. Her husband works in the village's self-governance body. All the family works hard to be able to cover their basic needs. Araqsi is also engaged in cultivation of wheat, cucumber, and several fruits (peach, apricot, plum, grapes, apple and pear).

She currently needs a loan of USD 2,500 to purchase fertilizers, some materials for cultivation of grapes (wires, trestles, layers of grapes), and to pay for the harvesting services. The loan will help her greatly to sustain her agribusiness. She has already taken a loan from a local financial institution before, but unfortunately wasn't able to return it back. However, thanks to the hard work during the recent times, Araqsi was able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments. So, 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.

Araqsi and her family will be thankful to all the lenders for helping them to maintain their agribusiness.



Loan details


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Loan details