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Vazgen
Vazgen is farmer from Aygavan village, in Ararat region. He has been running a farm for 15 years, and it has become a part of his life. He keeps 10 little pigs and 30 chickens, and he grows peach, apricot, cherry, plum, apple and pear trees. He is very hard working and does his best to gather a good harvest and sustain his wife's and son's living.

Vazgen owns a greenhouse, which is too old and needs to be renovated. As his monthly income is hardly enough for covering daily costs, it is very difficult for him to pay for the renovation. Vazgen has applied for this loan to renovate the greenhouse, as well as to purchase tomato seeds, fertilizer, and forage for feeding pigs. Realizing that the farm business is the main source of his family's income, Vazgen would like to expand it and earn higher income.

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
  • 189
    View loans »
    Armenia Loans Fundraising
  • $13,239,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Vazgen to pay for tomato seeds, fertilizer, forage for feeding pigs, and to renovate the old greenhouse.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 2, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 18, 2014