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Arpik is a farmer-woman from Tsaghkalanj village. She lives together with her husband, son, daughter-in-law and two little grandchildren. Arpik owns a greenhouse where she cultivates greens in the winter and tomatoes in the spring. She also keeps 2 pigs and 2 calves.

Arpik is a very enthusiastic and hard working woman who does her best to run her farm in a sustainable way and help her husband to sustain their family.
Arpik currently asks for this loan in order to enlarge her agribusiness. She hopes for lenders' support to be able to purchase a polyethylene cover for the greenhouse, potato seeds and fertilizers.

As this is her first loan, Arpik 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 in the past because they have no credit history.

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
  • 142
    View loans »
    Armenia Loans Fundraising
  • $15,799,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Arpik to pay for a polyethylene cover for the greenhouse, potato seeds and fertilizers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 24, 2014
Feb 15, 2014
Currency Exchange Loss:
Aug 17, 2014