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Vardishagh is a farmer from the Masis village in the Ararat region. She lives with her husband and two sons. Her husband works in the private sector with a very low salary that does not cover the expenses of the family. For more than 15 years the family has been extensively engaged in agribusiness.

With the help of her family members, Vardishagh is engaged in livestock, including cows and hens, and in the cultivation of beans, tomatoes, eggplant, pepper, alfalfa and several fruits (peach, apricot, fig, apple, pear and walnut). Her sons help her sell the agricultural products in the local market.

As the family's needs are growing day by day, Vardishagh wants to increase the number of livestock to effectively meet her family's needs. A loan of USD 2,500 will be a great support, enabling her to purchase two steers and some forage for the livestock.

As this is Vardishagh’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 haven't had access to credit products before because they have no credit history. Vardishagh and her family will be very thankful to the lenders for their good will and support in collecting the needed loan.

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
  • 165
    View loans »
    Armenia Loans Fundraising
  • $17,050,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Vardishagh to purchase two steers and some forage for the livestock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 4, 2013
Oct 30, 2013
Currency Exchange Loss:
Nov 17, 2015