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Silva is a farmer from Goris town. She lives there with her husband, son, daughter-in-law and 4-years-old grandchildren.
Silva's son is an army officer and other family members are involved in agriculture. They keep livestock which includes cows, chickens and 10 colonies of bees. The family also grows 4 nut trees.
The gathered agricultural harvest they sell locally.
Now, by applying for this loan Silva asks financial support of USD 1500 to be able to enlarge the cattle with a cow and a calf. She has taken a loan from local financial institutions before, but because of very difficult financial conditions of her family, wasn't able to pay it back on time. Now, by ensuring that her agribusiness is successful and she is able to provide monthly payments for this loan, Silva 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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,094,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Silva to pay for a cow and a calf.
69% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Mar 3, 2014
Mar 26, 2014
Currency Exchange Loss: