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Romen is a farmer from Mrgashat village of Armavir region. His family consists of his wife, his 17-year-old and 14-year-old sons, his brother, his brother's wife, and his brother's 17-year-old daughter and 14-year-old son.

To be able to take care of his family, Romen seasonally migrates to Russia as a migrant laborer. His brother is also a migrant worker in Russia. They work hard to be able to meet the growing needs of their family. With the help of his family members, Romen is engaged in breeding livestock of cows, piglets, and hens, and in cultivation of greens and grapes. To be able to sustain the agribusiness, Romen currently wants to increase the livestock. A loan of USD 3,000 will help him reach his goal, enabling him to purchase two cows, two steers, and some forage for the livestock.

As this is Romen’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 didn’t have access to credit products before, because they have no credit history. Romen and his big family will be very thankful to the lenders for their good will 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
  • 142
    View loans »
    Armenia Loans Fundraising
  • $16,809,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Romen to purchase two cows, two steers, and some forage for the livestock.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 8, 2013
Oct 26, 2013
Currency Exchange Loss:
Nov 25, 2013