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Nairuhi is an experienced farmer from Armash village of Ararat region. She lives with her husband, son, and elderly pensioner mother-in-law.

She and her son are employed in the private sector. Their salaries, however, are so low that it is impossible to afford a living based on those salaries alone.

With the help of her husband, Nairuhi is engaged in aviculture, viniculture, and in cultivation of cherries and apples. Her husband and son sell the agricultural products in the local market, which is a very important source of family's income.

To continue running her agribusiness in a sustainable way, Nairuhi needs a loan of USD 3,000 to purchase materials used in viniculture (cables, pipes), to prepare the vineyard for the cold season, and to renovate the barn, which is currently in poor condition. The loan will help the family run their agribusiness in a more productive and efficient way.

Nairuhi has taken a loan from a local financial institution before, but unfortunately wasn't able to pay it back. However, thanks to the hard work during recent times, she 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.

Nairuhi and her family will be thankful to all the lenders for helping them 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
  • 122
    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 $3,000 helped Nairuhi to purchase materials used in viniculture (cables, pipes), to prepare the vineyard for the cold season, and to renovate the barn.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 19, 2013
Dec 11, 2013
Currency Exchange Loss:
Dec 17, 2015