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Razmik, a father of three children (two of whom are in the photo), is from Basen village in the Shirak region. He has been involved in agriculture for many years, owning a farm which is his only source of income. Razmik breeds cattle (15 sheep, 3 cows and calves) and cultivates wheat. His wife makes dairy products which Razmik sells in the local market.

The farming business is crucial to Razmik's ability to earn income and sustain his children's living standards. Unfortunately the barn where Razmik keeps the livestock is very old and needs to be renovated, so he is requesting a loan for that purpose and to purchase forage for feeding the livestock.

Razmik will be very grateful to Kiva lenders, as the loan will give him an opportunity to continue running his farm and making his family's life better.

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
  • $14,056,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Razmik to pay for renovation of the barn and forage for feeding the livestock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 18, 2013
Aug 11, 2013
Currency Exchange Loss:
Aug 17, 2015