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Karen is 41-years-old. He lives in the Qarakert village of the Armavir region with his wife and three children. The only source of income for the family is agriculture. Karen keeps two cows and 40 colonies of bees. He also grows apricot and apple trees. The honey that he gets from the bees is in high demand, but Karen's income isn't enough to meet the family's needs and cover the farm's operational expenses.

So Karen decided to request this loan to buy five calves. He will raise them and then sell them at a profit. This will significantly increase Karen's income and enable him to improve the living conditions of his family.

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
  • $14,072,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Karen to buy calves.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 19, 2012
Dec 12, 2012
Currency Exchange Loss:
Dec 17, 2014