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Martun is 38 years old. He is a father of a big family: his wife and three children. Martun's parents also live with the family.

Martun works at the local village hall. As his salary is low and is not enough to cover the family's costs, Martun also runs a farm, where he cultivates land and breeds cattle.

Due to his hard work, he has increased the number of cows from four to fifteen. Martun has applied for this loan to develop his farm. With the requested amount he plans to purchase nine calves. This will allow Martun to increase his income from agriculture, which is important for him to sustain the family and ensure a financially stable future for the children.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,083,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Martun to buy calves.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 3, 2012
Mar 6, 2012
Currency Exchange Loss:
May 17, 2014