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Narine lives in Taperakan village with her husband, mother-in-law and three school age children. The family has been involved in agriculture for many years. Near the village where they live, Narine owns a plot of land where she cultivates tomato. The family also keeps grape orchard with love and care and sells the gathered harvest locally.
Narine has now applied for this loan to be able to pay for workforce and organize the cultivation process.
She has taken a loan from local financial institutions before, but because of very difficult financial conditions, wasn't able to pay it back on time. Now, by ensuring that her farming business is successful and she is able to provide monthly payments for this loan, Narine has been approved for this loan. She has now been approved for a 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
  • 171
    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 $3,000 helped Narine to pay for workforce for organizing.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 4, 2014
Mar 26, 2014
Currency Exchange Loss:
May 17, 2016