A loan of $3,000 helped to purchase two cows, a calf, some forage for cattle, and to make previous credit repayments.


Artyom's story

Artyom is a farmer from Lusaghbyur village in the Shirak region. He lives with his wife and two little daughters (6 and 4 years old). He is employed in the private sector, however, his salary alone is not enough to meet the needs of his family.

Artyom is engaged in cattle breeding, in breeding livestock (sheep and pigs), in agriculture, and in the cultivation of wheat. He sells the agricultural products in the local market. Agribusiness is the most important source of the family’s income.

To be able to more effectively meet the growing needs of his family, Artyom needs a loan of USD $3,000 to purchase two cows, a calf, some forage for cattle, and to make previous credit repayments.

He had already taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to his recent hard work, Artyom 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.

Artyom and his family will be thankful to all the lenders for helping them to sustain their agribusiness.



Loan details


Lenders and lending teams




Loan details