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Marine lives in Tasik village with her husband and two children, a 17-year-old daughter and a 13-year-old son.

Marine has been involved in agribusiness for 18 years. She runs a big and beautiful farm that includes livestock (cows, oxen and calves), cultivation of wheat, emmer wheat, potatoes and cabbage, as well as a small orchard where nut, apple and pear trees grow. Marine's husband and son sell the harvest in the local markets and gather income for the family. The requested loan of USD 3000 will be a great support for Marine's farming business. She plans to purchase fertilizer, seeds and a harvester (agro machine) needed for her farm. As this is Marine'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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Marine to pay for fertilizer, seeds and a harvester (agro machine).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 9, 2014
Jun 13, 2014
Currency Exchange Loss:
Aug 17, 2015