Check out some available loans that are similar to this one!
Amalya lives in Lusakert village, in the Shirak region. She lives there with her husband and three teenage children. The family owns a retail store where they sell various food products. Amalya's husband also works as a teacher at the local secondary school. Amalya now wants to expand her family's business a little bit. She has applied for a loan of 3,000 USD to purchase more food items to stock her store. As this is Amalya'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 did not 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
  • 173
    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 Amalya to buy more stock.
85% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 14, 2014
Jul 21, 2014
Currency Exchange Loss: