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Maya is from the Odzun village in the Lori region. She lives with her husband (in the photo) and three sons. Her sons are currently labor migrants in Russia; they work there and send some money to their parents to take care of their needs. Maya is a teacher in the village local school. Her salary is so low that she cannot afford a living based on that alone. With the help of her husband, Maya is engaged in beekeeping; breeding a livestock of cows, pigs, and hens; and cultivating wheat, sunflower, grass, and strawberries. Maya's husband realizes the agricultural products are a very important source of income for them. Their honey has a very high demand in the local market. To sustain and develop their agribusiness, Maya needs a loan of 2,000 USD to purchase twenty beehives. As this is Maya’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 did not have access to credit products before because they have no credit history. Maya and her family highly rely on the good will of the lenders and will be very thankful to them for their support.

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
  • 143
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Maya to purchase twenty beehives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 15, 2013
Nov 6, 2013
Currency Exchange Loss:
Nov 17, 2015