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Arman
Arman is from Noravan village within the Syuniq region of Armenia. He lives with his wife, parents and sister. Arman is a contractual serviceman in the military service and is the only breadwinner of the family. His salary, however, is not enough to cover the needs of the family. With the help of his family members, Arman is engaged in breeding livestock of sheep, pigs, piglets, and hens, and in cultivation of wheat, potatoes, apples and walnuts. He sells the agricultural products in the local market.
To continue running his agribusiness in a sustainable way, Arman needs a loan of $3,000 to purchase wheat seeds, to buy fuel for agricultural machinery, and to renovate his agricultural machinery. With the help of the loan, he will maintain and develop his agribusiness. Arman and his family members highly rely on the good will of the lenders and will be very thankful to them for their support in collecting the needed 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
  • 101
    View loans »
    Armenia Loans Fundraising
  • $13,536,025
    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 Arman to purchase wheat seeds, to buy fuel for agricultural machinery, and to renovate his agricultural machinery.
77% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2013
Listed
Nov 12, 2013
Currency Exchange Loss:
N/A