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Suzanna is from Hovtashen village where she lives with her husband and two little daughters (ages 5 and 3-years-old). Her husband and Suzanna have been engaged in agriculture for 10 years. They keep a mother pig, 18 piglets and 30 chickens. Suzanna also grows peach, apricot and pear trees. The couple work hard as agriculture is the main source of their family's income. They also own greenhouse which is too old and they are unable to organize cultivation there. So now, Suzanna applied for this loan to renovate the greenhouse and also purchase a pig, forage for feeding the livestock and potato seeds. The loan will be a huge support for their farm.

As this is Suzanna's first loan, 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
  • 173
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Suzanna to pay for a pig, forage for pigs, potato seeds and renovation of the greenhouse.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 6, 2014
Feb 22, 2014
Currency Exchange Loss:
Mar 20, 2016