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Yeghnik is from Margara village of the Armavir region. He is a constructor by profession and works as a seasonal migrant worker in a neighboring country. During the months when Yeghnik is in Armenia, he runs a farm. The farm includes 15 turkeys and 2 calves. He also owns a greenhouse where tomatoes and peppers are grown.

Yeghnik lives with his mother and brother. His mother is a teacher at the local village school and his brother serves in the army. Yeghnik works hard to successfully run the farm to ensure a stable income from it. Now, he asks for this loan of USD 2,000 to be able to purchase an ox and renovate his greenhouse.

As this is Yeghnik'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 do not 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
  • 102
    View loans »
    Armenia Loans Fundraising
  • $16,723,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Yeghnik to pay for an ox and renovate his greenhouse.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 10, 2014
Feb 22, 2014
Currency Exchange Loss:
Mar 20, 2016