A loan of $3,000 helped to purchase forage for the livestock and to pay for transportation services.

Samvel's story

Samvel is married and has one child who is in the military service. He is an experienced farmer from Vanadzor city of Lori region. His wife works at a school as a teacher. Samvel is engaged in breeding livestock such as pigs, piglets, and hens. He sells his livestock in the local market. He and his wife work hard to be able to cover their needs.

Agribusiness is the main source of family's income. To continue running it in a sustainable way, Samvel is requesting a loan for $3,000, which he will use to purchase some forage for the livestock (barley and combined forage) and to pay for transportation services. As this is Samvel’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.

Loan details

Lenders and lending teams

Loan details