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Hripsik is an experienced agronomist from Lusarat village of the Ararat region. She lives with her husband. It has been more than 15 years since she began cultivating wheat, apples, and grapevines. With the help of her husband she sells the agricultural products in the local market, which is the main source of their income. Hripsik’s agribusiness currently needs some investments in order to continue developing in a sustainable way. A loan of USD 1,600 will help her greatly by enabling her to pay for the irrigation and to prepare the vineyard for the winter. As this is Hripsik’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. Hripsik and her husband rely on the good will of the lenders and will appreciate their support greatly.

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
  • 177
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Hripsik to pay for the irrigation and to prepare the vineyard for the winter.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Nov 5, 2013
Nov 28, 2013
Currency Exchange Loss:
Dec 22, 2015