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Rudik is an experienced farmer from Tatev village of Syuniq region. He lives with his wife, daughter a school-age son.

To take care of his family, Rudik is engaged in cattle breeding and in beekeeping. He also cultivates beans, potatoes, grass, apples and walnuts. Rudik's wife helps him greatly in his everyday activities related to farming. They sell the agricultural products in the local market.

As the autumn is progressing, Rudik needs to make some investments in his agribusiness. He needs a loan of USD 2,850 to purchase forage for his cattle. It will help him maintain his agribusiness. He has already taken a loan from a local financial institution before, but unfortunately wasn't able to return it back. However, thanks to hard work during recent times, Rudik was able to run his agribusiness in a sustainable way, ensuring that he will be able to cover the monthly payments.

So, he 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. Rudik and his 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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,850 helped Rudik to purchase forage for his cattle.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 11, 2013
Oct 30, 2013
Currency Exchange Loss:
Nov 29, 2013