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Armik
Armik is a teacher with many years of experience teaching in the local school. She lives in a small village called Mrgavan in the Ararat region. Unfortunately, a teacher’s salary is not enough to make ends meet for a family of six: herself, her husband, son, daughter-in-law and two little grandchildren.

Her farming business helps her family to have stable income during the month. Armik cultivates tomatoes and grows peach, apricot, apple and pear trees as well. Armik's son sells the gathered harvest locally and collects the money, which is vital for sustaining the family.

With the requested loan from SEF International, Armik would like to expand her farming business. With the loan's help, she will purchase tomato seeds and fertilizer and cover cultivation costs. The loan is very important for Armik and her family to enlarge their farm and be able to improve their 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

  • $6,400
    Average annual income
  • 164
    View loans »
    Armenia Loans Fundraising
  • $13,288,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $900 helped Armik to pay for tomato seeds and fertilizer and cover cultivation costs.
63% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 19, 2013
Currency Exchange Loss:
N/A