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Susanna is from Masis. She lives with her husband and 33-year-old son. The whole family is engaged in agriculture, including beekeeping. They currently keep 60 colonies of bees, get high quality honey and sell it locally. Due to their hard work, the farm provides them with sufficient income for covering basic needs.

Susanna now asks for this loan of 3,000 USD to enlarge her agribusiness. She plans to renovate the greenhouse and purchase rose seeds for cultivation. As this is Susanna'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 didn’t 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
  • 165
    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 Susanna to pay for rose seeds and to renovate her greenhouse.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 15, 2014
Apr 19, 2014
Currency Exchange Loss:
Dec 17, 2015