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Arpine is a farmer from Sarnakunk village of Syunik region. She lives with her husband, grandfather, and two sons. Jointly with her family members, Arpine has been engaged in agriculture for 20 years already.

Arpine's family owns various types of agricultural machinery and cultivates potatoes, beans, corn, and other types of grains. The family's agribusiness needs some investments to function in a more efficient way. A loan of USD 3,000 will be a great support to this hardworking woman and her family, enabling them to repair their machinery, purchase diesel fuel, and pay for 35 bags of fertilizers and 500 kg potato seeds.

As this is Arpine'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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    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 Arpine to repair agricultural machinery, purchase diesel fuel, and pay for fertilizers (35 bags) and potato seeds (500 kg).
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 4, 2014
Jul 3, 2014
Currency Exchange Loss: