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Garik is a young farmer from the Bagravan village in the Shirak region. He lives with his wife, two-year-old son, his parents, and his grandparents.

To take care of their needs, the family is extensively engaged in agribusiness. They are involved in cattle breeding, in aviculture (breeding poultry), in breeding a livestock of pigs, and in the cultivation of wheat, barley, and alfalfa. Garik sells the agricultural products in the local market, which is the main source of the family's income.

As the autumn is progressing and the winter is very close, Garik needs to make some investments in his agribusiness to get prepared for the winter. He needs a loan of USD 3,000 to purchase barley seeds, buy a winter supply of forage for the cattle, and purchase fuel for the agricultural machinery.

The loan will help him run his agribusiness in a sustainable way.

Garik and his big family rely on the goodwill of the lenders, and will be grateful to them for 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.


About Armenia

  • $6,400
    Average annual income
  • 92
    View loans »
    Armenia Loans Fundraising
  • $12,382,750
    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 Garik to purchase barley seeds, a winter supply of forage for cattle, and fuel for agricultural machinery.
42% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 18, 2013
Currency Exchange Loss: