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Bavakan lives in Lernamerdz village with her two sons, a daughter-in-law and two little grandchildren.

She runs a farm. It currently includes a livestock of cows, sheep, and chickens and she also cultivates tomatoes, greens and grass for the livestock.

Bavakan and her sons work hard to have a profitable farm that will provide an income for their living.

By applying for this loan Bavakan would like to enlarge her farm. She plans to purchase 15 more sheep and forage for feeding them. Bavakan hopes that Kiva lenders will support her agribusiness and she will be very grateful to them.

As this is Bavakan'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 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
  • 139
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Bavakan to pay for 15 sheep and forage for feeding them.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 29, 2014
Feb 15, 2014
Currency Exchange Loss:
Jul 17, 2015