Nikolay is an experienced farmer from Brnakot village of Syunik region. He lives with his wife. Nikolay works as a mechanical engineer in the private sector. However, his salary alone is not enough to cover his family's expenses. With the help of his wife, Nikolay has a business breeding livestock, such as cows, sheep, and hens, and cultivating wheat, apples and walnuts. He sells the agricultural products in the local market, which is an important source of the family's income. To be able to continue his agribusiness in a sustainable way, Nikolay needs a loan of 3,000 USD to purchase wheat seeds, buy fuel for agricultural machinery, buy two cows, purchase some forage for the livestock, and pay for the harvesting services. The loan will help him maintain and develop his agribusiness further. Nikolay and his wife rely heavily on the goodwill of the lenders and are thankful to them for their support in providing the needed amount of the loan.
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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.