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Hasmik is married and has one adult child who works in construction. She is a pharmacist working in the local pharmacy. Hasmik is also involved in farming activities. She cultivates tomatoes and sells the harvest locally. As a hardworking woman, she does her best to earn enough income for her family's well being.

Because her farm needs some financial investments, Hasmik requested her first loan, which she will use to purchase seeds and fertilizer and cover cultivation costs. This loan will be a big support for her farming business and 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.

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
  • 166
    View loans »
    Armenia Loans Fundraising
  • $17,050,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hasmik to purchase seed and fertilizer and cover cultivation costs.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 13, 2014
Mar 12, 2014
Currency Exchange Loss:
Mar 20, 2016