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Manyak is an experienced farmer from Masis village of the Ararat region. She lives with her husband, son, and brother-in-law. Manyak's son works in the police, but his salary is not enough to cover the family's needs. To be able to meet her family's needs, Manyak is engaged in cattle breeding, aviculture, and the cultivation of alfalfa, apricots and walnuts. Her husband and brother-in-law sell the agricultural products in the local market.

To continue running her agribusiness in a sustainable way, Manyak needs to make some investments. She needs a loan of USD 3,000 to expand and renovate the barn and to purchase a cow. She 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 the recent times, Manyak was able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments of a loan. She 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. Manyak and her family will be thankful to all the lenders for helping them to maintain and develop 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
  • 129
    View loans »
    Armenia Loans Fundraising
  • $16,765,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Manyak to expand and renovate the barn and to purchase a cow.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 29, 2013
Nov 6, 2013
Currency Exchange Loss:
Nov 17, 2015