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Norayr lives with his parents and grandmother in Khndzoresk village, located in the Syunik region. Norayr and his parents are involved in cattle breeding and currently have eight cows and six pigs. Norayr's mother makes cheese which his father sells in the local markets.

Because agriculture is the only source of income for the family, Norayr wants to expand their enterprise and so has requested this loan to purchase three more cows. The resulting increased milk production will be used to make more cheese, thereby significantly increasing family income.

The loan is very important for Norayr, as higher profits will ensure better living conditions for 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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Norayr to pay for three cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 19, 2012
Dec 27, 2012
Currency Exchange Loss:
Oct 17, 2013