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Aida, a farmer from the village of Anipemza in Shirak region, lives with her husband, two school-age daughters, ages 10 and 8 years, and three-year-old-son, all shown in the photo.

Aida's husband works in the village local school. His salary, however, is not enough to meet the needs of the family. To take care of her family's needs, Aida is engaged in cattle and sheep breeding, aviculture and beekeeping. With the help of her husband, Aida sells the agricultural products in the local market, which is an important source of their income.

To continue running her agribusiness and to develop it further, Aida needs to make some investments. She has therefore requested a loan of USD 1800 to purchase 15 sheep as well as forage for cattle.

As this is Aida’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 previous access to credit products because they have no credit history.

Aida and her family will be very thankful to the lenders for their goodwill and support in extending the needed amount.

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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Aida to purchase 15 sheep and forage for cattle.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 26, 2013
Currency Exchange Loss:
Dec 17, 2015