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Gurgen lives with his wife and son in Sardarapat village, in the Armavir region. He is 54 years old and has more than 30 years of experience in the agricultural field. He runs a farm where he grows 300 plum trees. As the operating costs of such a big farm are high Gurgen needs some capital to cover them; that’s why he has applied for this loan. With the requested amount he plans to purchase fertilizer and 350 plum saplings, which will significantly expand his farm and allow him to cover other operational costs.

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
  • 136
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Gurgen to purchase fertilizer and 350 plum saplings.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 6, 2012
Nov 20, 2012
Currency Exchange Loss:
Aug 17, 2014