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Artak is engaged in an agricultural business. He keeps livestock and cultivates land. He would like to develop his business by increasing his livestock and cultivating more land. With the requested loan, he plans to purchase sheep, special sorts of potato seeds and fertilizer.

With the loan’s help, Artak will increase his working capital and expand his business further. He lives together with his wife, pensioner mother, son and daughter.

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
  • 92
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Artak to pay for sheep, special sorts of potato seeds and fertilizer.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 18, 2011
Jul 1, 2011
Currency Exchange Loss:
Jan 16, 2013