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Samvel lives in Qarakert village in the Armavir region with his wife, son, daughter-in-law and three grandchildren. Samvel is a farmer with many years of experience running a farm. He keeps piglets, pigs and a cow. Due to his hard and tireless work during recent years, Samvel was able to run his farm in a sustainable way, ensuring a stable income for his family. Now, by applying for this loan, Samvel would like to purchase a calf and forage for feeding the livestock. As this is Samvel's first loan, it has been approved within the framework of the new joint initiative between 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.

Samvel hopes for the lenders' support and is sure that this loan will be a good help in the development of his farm.

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
  • 138
    View loans »
    Armenia Loans Fundraising
  • $15,757,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,250 helped Samvel to buy a calf and forage to feed the livestock.
60% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 27, 2013
Jan 17, 2014
Currency Exchange Loss: