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Laura is married and is a young farmer from Norashenik village of Syunik region. She lives with her husband and father-in-law. Laura's husband and father-n-law work in construction. The family works hard to earn a living. With help of her family members Laura is engaged in cattle breeding and in cultivation of wheat. She sells the agricultural products in the local market, which is an important source of income for the family.

Laura requested her first loan for $3,000, which she will use to purchase two cows and a harvesting machine. This loan has been approved within the framework of the new joint initiative of Kiva and SEF. The first-chance loan program provides loans to people who did not have access to credit products before, 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
  • 143
    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 Laura to purchase two cows and a harvesting machine.
72% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 26, 2014
Jun 11, 2014
Currency Exchange Loss: