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Karen
Karen is 25 years old and lives in a small village called Vanashen in one of the southern regions of Armenia, Ararat. He lives with his wife, mother and little daughter.
Karen works at a local company and earns a monthly income which is hardly enough to cover the family's basic expenses.
To be financially secure, Karen, an economist by profession, runs a farm. His farm currently includes ten chickens. He grows tomatoes, peaches, apricots, cherries, plums and apples.
Karen works hard to reap a good harvest and cover the family's expenses. He has applied for this loan to pay for fertilizer and hire employees to start planting. The loan is very important for Karen to be able to increase his income.
He dreams of having a big farm and ensuring a better life for his daughter and future 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
  • 150
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Karen to pay for fertilizer and employees for planting season.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2013
Listed
Apr 24, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014