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Arsen is involved in agriculture. He keeps 2 cows, 6 calves and 10 chickens. Arsen gets milk, which he uses in cheese production. Then he sells the cheese and other milk products in the local markets and gets income. This income is hardly enough for covering family's basic expenses, so it is very difficult for Arsen to save money for the expansion of his farm.

Arsen has applied for this loan to purchase three bulls and forage for feeding them. This will enable him to expand his agricultural activities and gather higher income.

Arsen hopes that with the help of this loan he will be able to sustain his family and ensure a better future for his family. Arsen is from Urut village and lives with his wife and 28-year-old 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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Arsen to pay for three bulls and forage for feeding them.
90% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jan 31, 2013
Feb 28, 2013
Currency Exchange Loss: