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Julieta is an experienced farmer from Khanjyan village in the Armavir region. She lives with her husband. To take care of their needs, both of them are extensively engaged in agribusiness. They are involved in cattle breeding, in breeding pigs and piglets, and in cultivation of cabbage. Julieta and her husband realize the agricultural products in the local market. The latter is the main source of their income. As the autumn is progressing and winter is very close, Julieta needs to make some investments in her agribusiness to prepare it for the winter. She needs a loan of USD 3,000 to purchase forage for the livestock (alfalfa, barley, and combined forage). The loan will help her run the agribusiness in a sustainable way. As this is Julieta’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. Julieta and her husband rely on the good will of the lenders and will be thankful to them for their help in collecting the needed loan 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
  • 138
    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 Julieta to purchase forage for the livestock.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 24, 2013
Nov 12, 2013
Currency Exchange Loss:
Nov 17, 2015