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Samvel is from Sardarapat village in the Armavir region. He lives with his wife, mother and three school-age sons. He works as a farmer, raising livestock and growing tomatos and watermelons. His sons help him by taking the harvest to market and selling it. Because agriculture is the only source of family income, Samvel would like to enlarge his farm and is requesting a loan to buy four pigs, turkeys, forage to feed his livestock and fertilizer for his land.
He has already taken out a loan from a local financial institution, but unfortunately wasn't able to repay it. However, thanks to his hard work during recent years, Samvel and his family were able to run their agribusiness in a sustainable way, ensuring that they will be able to cover monthly payments. So, he has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international which provides a second-chance loan to people who have a bad credit history and no access to credit. The loan is very important for this hard working farmer if he is to increase his income from agriculture and provide better living conditions for his family.

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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Samvel to buy four pigs, turkeys, forage for his livestock and fertilizer for his land.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 30, 2014
Feb 3, 2014
Currency Exchange Loss:
Dec 17, 2015