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Davit is a young farmer from Norashen of Ararat village. He lives with his parents and his elderly grandmother.

With the help if his parents, Davit is engaged in agriculture and in cultivation of tomatoes, peaches, apricots, and grapes. Farming is the main source of the family's income. Davit sells the agricultural products in the local market.

To sustain his agribusiness, Davit needs a loan of USD 3,000 to pay for the harvesting services and the workforce and to purchase fuel for agricultural machinery.

Since this is Davit's first loan, it has been approved within the framework of the new joint initiative between Kiva and SEF International. The first-chance loan program provides loans to people who didn’t have access to credit products before because they have no credit history.

Davit and his family will be very thankful to the lenders for the goodwill and support in obtaining the needed loan and in helping them sustain 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
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Davit to pay for the harvesting services and the workforce and to purchase fuel for agricultural machinery.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 14, 2013
Oct 30, 2013
Currency Exchange Loss:
Nov 17, 2015