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Suren is a young farmer from the Griboyedov village in the Armavir region. He lives with his parents, sister, wife, and one-year-old daughter. Suren works in the village local self-governance body. However, his salary is so low that he cannot afford a living based on that salary alone.

To be able to meet the daily needs of the family, Suren is engaged in breeding a livestock of cows and piglets. He also cultivates alfalfa and grapes. Farming is a very important source of income for them. To be able to meet the increasing needs of his family, Suren needs to expand his agribusiness.

A loan of $3,000 will be a great support to this hard-working, young farmer, and will enable him to purchase two steers for the livestock, to buy some forage for them, and to make previous credit repayments. Suren and his family will be grateful to all the lenders for their help in collecting the amount needed for the loan and sustaining their lives.

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
  • 142
    View loans »
    Armenia Loans Fundraising
  • $14,390,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Suren to buy forage for livestock and make previous credit repayments.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 24, 2013
Oct 23, 2013
Currency Exchange Loss:
Nov 22, 2013