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Samvel lives in Katnajur village with his wife and two children (27 years-old son and 22-years-old daughter).
Samvel is a migrant seasonal worker and also is a farmer. During months when he is here, he is involved in agriculture. Particularly Samvel keeps cows, pigs, piglets, chickens and turkeys, as well he cultivates wheat and potatoes. He works day and night and feels very responsible to give his family appropriate living conditions. Now, he has applied for this loan to purchase potato seed and forage for feeding the livestock. This will help him to increase his agricultural turnover.
As this is Samvel'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 had 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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Samvel to pay for potato seed and forage for feeding the livestock.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 31, 2014
Feb 17, 2014
Currency Exchange Loss:
Mar 20, 2016