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Alisa lives in Lernagog village with her 23-year-old son and 22-year-old daughter. Her husband is a migrant worker in a neighboring country and time to time, he financially supports his family.

Alisa herself has been involved in agriculture. Specifically, she keeps livestock which includes cows, sheep, pigs, piglets and chickens. Alisa's son helps her with the livestock and they work hard to earn enough income and sustain their living. Now, Alisa applied for this loan to be able to purchase six oxen and forage for the livestock. The loan will increase her livestock so she will be able to gather more agricultural income. Alisa hopes that lenders will support her loan of 3,000 USD.

Alisa has taken a loan from local financial institutions before but because of difficult financial conditions, she wasn't able to pay it back on time. Now, she is sure that her agribusiness is successful enough to cover monthly payments, and Alisa has been approved for this loan within the framework of a new joint initiative between Kiva and SEF International. The second chance loan program provides loans to people who have a bad credit history and have no access to credit products.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Alisa to pay for six oxen and forage for the livestock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 5, 2014
Feb 22, 2014
Currency Exchange Loss:
Mar 20, 2016