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Astghik is married and from Khashtarak village. The couple runs a farm which includes cows, calves, and chickens. Astghik also cultivates potatoes for family use only. Astghik milk cows and uses the milk in cheese production, which her husband sells in nearby markets.

Astghik requested a loan, which she will use to purchase three more calves and forage for feeding them. As this is Astghik'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 did not have access to credit products in the past because they have no credit history. She will be very grateful if lenders support her farm and give her an opportunity to enlarge agricultural turnover.

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
  • 126
    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 $1,500 helped Astghik to purchase three calves and forage for the livestock.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Feb 11, 2014
Mar 10, 2014
Currency Exchange Loss:
Oct 17, 2015