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Elichka is from Kapan. She lives with her husband, two grown up daughters and is a musical teacher at local music school. Elichka has been also involved in agriculture. She keeps 8 sheep. As it has been only a year that Elichka has been keeping sheep, her barn is in very poor condition and needs to be renovated. She has applied for this loan to be able to renovate her barn and also to purchase 8 more sheep. She is sure that enlarging her livestock will give her an opportunity to increase the income from her agribusiness.

Elichka has already taken a loan from a local financial institution before, but unfortunately wasn't able to return it back on time. However, thanks to the hard work during the recent times, Elichka was able to ensure 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.

Elichka and her family hope for lenders' support.

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
  • 141
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Elichka to pay for renovation of the barn and purchase 8 sheep.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 24, 2013
Jan 16, 2014
Currency Exchange Loss:
Jan 17, 2016