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Raya M. is a math teacher with 30 years of experience teaching in the local school. She lives in a small city called Agarak in one of the remote South regions of Armenia, Meghri. Unfortunately, a teacher’s salary is not enough to make ends meet for a family of four: 26-year-old son, husband and mother-in-law. In the city there is a high unemployment rate, but a farm business helps the family have some stable income. Both husband and son are involved in their small farm, and for a start they already have some livestock. With the requested loan the family plans to increase the livestock and purchase cattle food.

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

  • $6,300
    Average annual income
  • 138
    View loans »
    Armenia Loans Fundraising
  • $16,737,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Raya increasing the livestock and purchasing cattle food.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jun 25, 2010
Jul 7, 2010
Currency Exchange Loss:
Jun 16, 2011