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Nikolay
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.

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.

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About Armenia

  • $6,300
    Average annual income
  • 152
    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 Nikolay to purchase wheat seeds, buy fuel for agricultural machinery, buy two cows, purchase some forage for the livestock and pay for the harvesting services.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2013
Listed
Nov 12, 2013
Currency Exchange Loss:
N/A
Expired:
Jan 11, 2014