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Armik is involved in farming. She keeps chickens, grows peach and walnut trees, and keeps a grape orchard. In order to improve conditions in the orchard and exploit the land she has applied for this loan to get sufficient funds. With the requested amount Armik plans to purchase fertilizer and poles and cords for the grape orchard. As Armik lives with her husband, Surik, it's hard for them to do all the work themselves. So Armik also plans to hire a few workers. This loan will help Armik to keep stable development of her farm and expand it in the future.

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 $2,500 helped Armik to pay for fertilizer, poles, cords and for hired workers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 2, 2012
Jul 26, 2012
Currency Exchange Loss:
Apr 16, 2014