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Erjanik is an experienced farmer from Haykadzor village of the Shirak region. She lives with her husband, son, and two daughters. With the help of her family, Erjanik is extensively involved in cattle breeding, in aviculture, in breeding a livestock of sheep, in beekeeping, and in cultivation of wheat. Her husband and sons sell the agricultural products in the local market, which is the main source of income for the family.

As the autumn is progressing Erjanik needs to buy a supply of forage for the livestock. She needs a loan of $2,000 to purchase the forage. The loan will help the family prepare their agribusiness for the winter. As this is Erjanik’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 didn’t have access to credit products before, because they have no credit history. Erjanik and her family will be very thankful to the lenders for the good will and will highly appreciate 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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Erjanik to purchase forage for her livestock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 21, 2013
Nov 6, 2013
Currency Exchange Loss:
Mar 19, 2015