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Aida is an experienced farmer from Apaga village of Armavir region. Her family consists of her husband, daughter and son. Aida's husband has migrated to Russia as a labor migrant; he works there and sends money to the family to take care of their needs. Aida is engaged in the cultivation of greens and grapes. Her daughter and son help her sell the agricultural products in the local market, which is the main source of the family's income.

To continue running her agribusiness in a sustainable way, Aida needs a loan of 2,000 USD to purchase necessary materials for greenhouse construction (cellophane, bottles), and to buy fertilizers. She has already taken a loan from a local financial institution before, but unfortunately wasn't able to return it back. However, thanks to hard work during recent times, Aida was able to run her agribusiness in a sustainable way, ensuring that she will be able to cover the monthly payments.

So, she has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The second-chance loan program provides loans to people who have a bad credit history and have no access to credit products. Aida and her family will be thankful to all the lenders for helping them to maintain 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
  • 168
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Aida to purchase necessary materials for greenhouse construction (cellophane, bottles), and to buy fertilizers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 25, 2013
Dec 8, 2013
Currency Exchange Loss:
Dec 17, 2015