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Manvel
Manvel has been involved in agriculture for 12 years.
He is a father of three sons and lives in a small village of Ararat region.
Manvel runs a farm which currently includes a cow, 20 chickens, 2 bulls. He owns an agricultural land where he cultivates different types of fruits and vegetables (wheat, tomato, peach, apricot, cherry, plum, nut, apple and pear). Manvel's whole family helps him with running a business. His wife milks cows and uses it in cheese production. Manvel's sons help him to gather harvest and sell it locally.
As farming business is the only source of Manvel's income, it is very important for him to expand it.
Because now there is a big demand of pork in Armenian market, Manvel would like to have pigs which he would fatten and sell. He has applied for this loan to purchase pigs, forage for feeding them and tomato seeds for cultivation. The loan is very important for Manvel to enlarge his farm, gather more income and improve his family's 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

  • $6,300
    Average annual income
  • 117
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Manvel to pay for pigs, forage for feeding them and tomato seeds for cultivation.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2013
Listed
May 23, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2015