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Avetiq is involved in agriculture. He keeps 3 cows, 5 sheep and 5 chickens. He also cultivates potatoes and sells it in the local markets. Avetiq lives with his wife and 17-year-old son. As Avetiq is the only breadwinner in the family, it is very important for him to expand his agricultural business. He has requested this loan to purchase 8 heifers. He plans to raise and fatten them and sell at a higher price. This will enable him to earn more income and continue the expansion of his business.
The loan is very important for Avetiq to sustain his family and ensure a better future for his son.

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
  • 121
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Avetiq to pay for 8 heifers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 22, 2013
Jan 26, 2013
Currency Exchange Loss:
Nov 17, 2014