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Margarita is a farmer from Vahagni village in the Lori region; she lives with her husband and son. With the help of her family members, she has a business breeding cows, pigs, and hens, she grows grass, and is in beekeeping. Margarita's husband helps her manage the agricultural products and the honey in the local market.

As the autumn is progressing, she needs to buy some forage for the livestock. A loan of USD 1,500 will be a huge support to this hard-working woman and her family, enabling her to purchase forage for the livestock (grass and barley).

She took a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to recent hard work, Margarita 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.

Margarita and her family will be thankful to all the lenders for helping them to 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
  • 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 Margarita to purchase forage for the livestock (grass and barley).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 24, 2013
Nov 1, 2013
Currency Exchange Loss:
Oct 17, 2015