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Radik
Radik is an agronomist from the village of Gay, of the Armavir region. He lives with his wife, as well as his school-aged daughter and son (17 and 16 years old), his mother, and his sister. Radik and his family members are engaged in cultivation of beans, cabbage, eggplant, peppers, greens, and alfalfa. They cultivate plants in the greenhouse. Radik sells the agricultural products in the local market. Farming is the only source of income for the family. To sustain his agribusiness Radik currently needs to make some investments. He needs a loan of 3,000 USD to purchase some necessary materials for building a greenhouse (pipes, cellophane), to buy some fertilizers, to purchase seeds of cucumber, pepper and greens, and to renovate the greenhouse. Radik and his family highly rely on the goodwill of the lenders. He will be very thankful to the lenders for helping his family collect the needed amount of loan to maintain and develop the agribusiness.

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.

Tags

About Armenia

  • $6,300
    Average annual income
  • 150
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $3,000 helped Radik to purchase some necessary materials for building a greenhouse (pipes, cellophane), to buy some fertilizers, to purchase cucumber, pepper and greens seeds, and to renovate the greenhouse.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
N/A
Expired:
Nov 22, 2013