Funded

Total loan: $3,000
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A loan of $3,000 helped to pay for renovation of the greenhouse and purchase a polyethylene cover for it.


Henrik's story

Henrik is from Chiva village of the Vayost Dzor region where he lives with his wife, mother and sister.

Henrik, his mother and wife work at a local village school and also run a farm. They keep livestock such as cows, calves and chickens, and also keep a greenhouse where their grow cloves. The cloves are sold at a local open market and the family gets a stable income from that business. The salary that they get is hardly enough for covering basic needs, so agriculture is an important source of income for the family. Henrik has now applied for this loan to be able to renovate the greenhouse and purchase a polyethylene cover for it. As the greenhouse is in very bad condition, this loan is vital for Henrik and his family to renovate it and continue their agribusiness.

As this is Henrik's first loan, it has been approved within the framework of a new joint initiative between Kiva and SEF. The first-chance loan program provides loans to people who haven't had access to credit products in the past because they have no credit history. Henrik will be very grateful to lenders for their support and the chance to continue his agribusiness.



Loan details

Loan length:

26 months
Disbursed date: January 31, 2014
Facilitated by Field Partner: SEF International

Lenders and lending teams




Loan details

Loan length:

26 months
Disbursed date: January 31, 2014
Facilitated by Field Partner: SEF International