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Suren lives in Bagravan village. He is a teacher at the local school. In addition, he is also involved in agriculture. He keeps cattle and cultivates land. He also runs a mill.

Suren has applied for a loan to modernize his mill. He would like to purchase some new equipment for the mill. This will allow him to organize the work of the mill more effectively and make it more profitable.

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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $14,328,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Suren buy mill equipment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 23, 2012
Feb 1, 2012
Currency Exchange Loss:
Feb 17, 2014