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Armine is a 30-year-old mother of three children. She has been involved in agriculture for 10 years. Together with her husband, Armine keeps livestock, which currently includes 15 cows, 10 lambs, and 15 chickens. They also own a piece of agricultural land, where they cultivate wheat, and they sell the gathered harvest in the local markets. Armine gathers milk and uses it in cheese production, and her husband takes it to market and sells it.

The farming business is the only source of income for the family, so Armine would like to expand their farm. She has applied for this loan, which she will use to purchase three more cows, and forage for feeding them. This loan will help Armine and her husband to get more milk and milk products, and earn more income. That income is very important, to enable Armine and her husband to cover their family's costs and to ensure a better life for their children.

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
  • 110
    View loans »
    Armenia Loans Fundraising
  • $14,010,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Armine to pay for three cows and forage for feeding them.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 27, 2013
Apr 2, 2013
Currency Exchange Loss:
Jan 17, 2015