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Srbuhi is a farmer from Taronik village of Armavir region. She lives with her husband, son, and school-age daughter (17 years old). Her husband works in the music school and her son works in the private sector.

Srbuhi works in the village's local self-governance body. The family works really hard to be able to earn a living. The family is also engaged in plant cultivation; they have a greenhouse, where they cultivate tomato, cucumber, and pepper. Srbuhi is also engaged in cultivation of watermelon. She currently needs to make some investments in her agribusiness in order for it to function in a sustainable way.

A loan of USD 2,500 will be a big support to this hard-working woman and her family, enabling them to purchase bottles and cellophane for the greenhouse, buy cucumber seeds and some fertilizers, and renovate the greenhouse.

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, Srbuhi 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. Srbuhi and her family will be thankful to all the lenders for helping them maintain their 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
  • 112
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Srbuhi to purchase bottles and cellophane for the greenhouse, buy cucumber seeds and some fertilizers, and renovate the greenhouse.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 13, 2013
Oct 20, 2013
Currency Exchange Loss:
Oct 17, 2015