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Margarit
Margarit is from Aghitu village in the Syunik region. She lives with her husband and is involved in agriculture. She keeps 15 chickens, cultivates potatoes, wheat and grows nut, apple and pear trees. Together with her husband, Margarit works hard to gather a good harvest and have a high income. But unfortunately her income is enough for covering only the family's basic needs. It is very difficult for Margarit to save money for transportation of the harvested products to the local market. She has applied for this loan to pay for transportation costs. This will enable her to take her harvested products to the local market, sell it and gather high income.
As agriculture is the only source of income for Margarit and her husband, she would like to expand that business. The other part of the loan Margarit will spend on purchasing 20 colonies of bees. This will enable her to gather honey and sell it.
The loan is very important for Margarit and her husband to make their life better.

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

  • $6,400
    Average annual income
  • 128
    View loans »
    Armenia Loans Fundraising
  • $12,884,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Margarit to pay for 20 colonies of bees and cover transportation costs of her fruit/vegetable harvests to market.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Jan 26, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 20, 2015