A loan of $3,000 helped to pay for renovation of the barn and purchase 8 sheep.


Elichka's story

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.



Loan details


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Loan details