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Anna lives in Kapan town with her two sons. She is a divorced woman and is an army officer.

To tackle financial hardships, Anna is also involved in beekeeping. She keeps 20 colonies of bees and gets high quality honey. Her sons sell the honey in the nearby open market.

Anna has applied for 3,000 USD to purchase 17 more colonies of bees and enlarge the honey production. Anna 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 the beekeeping is successful and she is able to provide monthly payments for this loan, Anna 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
  • 141
    View loans »
    Armenia Loans Fundraising
  • $15,809,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Anna to purchase 17 colonies of bees.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 25, 2014
Apr 8, 2014
Currency Exchange Loss: