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Gagik is an attractive young farmer. He learned how to farm when he was little boy, and now when the family's father works abroad and financially supports the family, Gagik is the head of the family.

Gagik lives with his mother (in the photo) and 80-year-old grandmother (in the photo).

Gagik breeds cattle. His livestock currently includes chickens, pigs, seven cows and 13 calves. Unfortunately, the income that Gagik's father sends from abroad is hardly enough for covering even the minimal costs of the family. So, in order to tackle the financial hardship, Gagik sells the gathered milk and meat produced and gets income.

Realizing that agriculture is very important for family, Gagik wants to expand his farm. By requesting this loan, Gagik wants to purchase six calves. This will enable him to fatten them and then sell with higher prices.

The loan is very important for Gagik to be able to increase agricultural income and provide better conditions for his family.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Gagik to pay for six calves.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
May 31, 2013
Jun 24, 2013
Currency Exchange Loss:
Nov 17, 2014