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Arayik is a young farmer from Argina village. He keeps 4 pigs, 5 bulls and cultivates barley. Arayik lives with his mother who helps her son with running a farm. For their family of two, agriculture is the only source of income, so it is very important for them to expand the farm.

Arayik has applied for this loan to purchase 2 bulls, fertilizer, watermelon seeds and fuel. The loan is very important for Arayik to be able to cultivate more fruits and vegetables, and to buy fuel in order to take the gathered harvest to the market. This will significantly increase his income and will give him an opportunity to improve his and his mother's living conditions.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Arayik to pay for 2 bulls, fertilizer, watermelon seeds and fuel.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 19, 2013
Mar 22, 2013
Currency Exchange Loss:
Aug 17, 2014