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Gagik
Gagik T. lives with his wife and two children in Talin city. The main income for the family comes from agriculture and exploiting Gagik’s truck. The truck was obtained thanks to Gagik’s savings and the loan he took previously from SEF. Although Gagik only uses the truck for four months during the agricultural high season, the profit from that period helps the family a lot. Gagik has also acquired a good reputation as a mechanic and is able to earn some income from providing services in that field too. Gagik and his wife take care of their small farm and also cultivate land. To increase their number of cattle and maintain the machinery, Gagik has applied for this loan.

Additional Information

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
  • 156
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Gagik to increase the number of cattle and renovate the machinery.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013