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Arman is a self-starter from Chayqend, a village in the Kapan region of Armenia. He lives with his wife and little daughter, along with his parents and one brother.

Arman keeps two cows and two bulls, and he uses the milk for cheese production. He generates income by selling the cheese and milk at local markets. Arman does his best to sustain his family and cover their basic costs, but unfortunately his monthly income is not really enough for such a big family.

So, Arman has applied for this loan to expand his agricultural holdings. With the help of this loan, Arman can buy two cows and a heifer. This will help him to increase his agricultural activity and generate more income.

Arman is a very hardworking person and he hopes that this loan will help him to create a better future 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
  • 120
    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 $3,000 helped Arman to pay for two cows and a heifer.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 6, 2013
Feb 24, 2013
Currency Exchange Loss:
Feb 20, 2015