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Karine is from Sarakap village in the Shirak region. She lives with her husband, mother-in-law and two school-age children. Karine and her husband have been involved in agriculture for many years. They keep livestock, including chickens, pigs, piglets, cows and calves, in addition to cultivating wheat. Karine uses the milk for cheese production and her husband sells it along with the gathered harvest in nearby open markets.

Now, in order to improve their agribusiness, Karine asks for this loan. The loan will help her to purchase fertilizer, seeds and forage for the livestock. As this is Karine'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.

The loan is very important for Karine and her husband to improve their farm and gather more income for their children.

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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Karine to pay for ferilizer, seeds, and forage for the livestock.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 25, 2013
Jan 17, 2014
Currency Exchange Loss:
Jan 17, 2015