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Armine is a young agronomist from Ayntap village of Ararat region. She lives with her husband, parents-in-law, and brother-in-law. Armine's brother-in-law works in the private sector. To take care of the family's needs, Armine, with the help of her family members, is engaged in breeding a livestock of piglets and hens, and cultivating greens. They realize the agricultural products at the local market.

Armine and her family are also involved in making besom. To continue running her agribusiness in a sustainable way, Armine needs to make some investments. A loan of USD 2,000 will help her greatly, enabling her to purchase besom seeds, buy some fertilizers, pay for the harvesting services, and purchase pigs.

As this is Armine’s first loan, it has been approved within the framework of the new joint initiative between 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. Armine and her family will be very thankful to the lenders for their goodwill and support in collecting the needed amount of loan to sustain 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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Armine to purchase besom seeds, fertilizers, and pigs, and pay for the harvesting services.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 21, 2013
Nov 12, 2013
Currency Exchange Loss:
Jul 17, 2015