Armenak is from Khanjyan village of the Armavir region. He is a father of two sons, and his wife is a teacher at a local school. Armenak is involved in agriculture and grows peach and apricot trees. He sells the gathered harvest locally and gets income, which is very important for sustaining the family. Armenak has been working at a local village hall for many years, but the farming business helps him to have a stable income during the month. As the unemployment rate in the region is very high, it is very difficult for Armenak and his family to sustain their living.
Realizing that the farming business is very important for him, Armenak would like to expand it. He has applied to SEF International for a loan. With the help of the loan, Armenak will purchase four oxen and fertilizer, which is very important for the successful cultivation of the land.
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.