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Armen
Armen is an experienced agronomist from Dimitrov village of Ararat region. He lives with his wife and three daughters (8, 7 and 3 years old). To take care of his family, Armen is engaged in breeding a piglet and in cultivation of corn, cabbage, watermelon and apricot. He has three greenhouses where he cultivates plants.

Armen's wife assists him greatly with the farming activities. They sell the agricultural products in the local market.

To be able to continue his agribusiness in a sustainable way, Armen needs a loan of $3,000 to renovate the greenhouse, to purchase some forage for the piglet and to buy fertilizers, lettuce seeds, some cellophane and some fuel for the greenhouse. The loan will help him maintain and develop his agribusiness.

Armen and his family rely on the goodwill of the lenders and will highly appreciate their help in collecting the needed amount of the loan.

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

  • $6,400
    Average annual income
  • 167
    View loans »
    Armenia Loans Fundraising
  • $13,280,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Armen to renovate the greenhouse, to purchase some forage for the piglet and to buy fertilizers, lettuce seeds, some cellophane and some fuel for the greenhouse.
73% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2013
Listed
Nov 3, 2013
Currency Exchange Loss:
N/A