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Emma is an experienced agronomist from Baghramyan village in the Armavir region. She lives with her husband and two sons. Emma's eldest son is a contractual serviceman in the military service. For more than 15 years, Emma and her family members have been engaged in agribusiness. They breed livestock of pigs, piglets, and hens and cultivate apricot and grapes. Emma's husband and sons realize the agricultural products in the local market, which is the most important source of family's income. To run her agribusiness in a sustainable way, Emma needs a loan of USD 1,500 to prepare the vineyard for winter and to renovate the greenhouse. As this is Emma’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. Emma 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
  • 143
    View loans »
    Armenia Loans Fundraising
  • $15,809,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Emma to prepare the vineyard for winter and to renovate the greenhouse.
72% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 25, 2013
Nov 10, 2013
Currency Exchange Loss: