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Hovnan A. is married with three children. They are all living together with Hovnan's parents. The main income for the family comes from farming. All family members combine their efforts to make the farming business successful. The wife and mother milk the cows and every single family member is involved during grass collection.

Hovnan's elder son is a student, and for his high marks (grades), he has been allowed to study free of charge. While Hovnan's two other children are still of school age, Hovnan is willing to increase the family's income to be able to send his younger children to the university too, since in the future, there will be no option of free university studying.

Hovnan is planning to increase the cattle on the farm and buy two wheels for the tractor. The photo was taken after a heavy rain.

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
  • 164
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Hovnan buying cattle and two tractor wheels.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 29, 2010
Nov 1, 2010
Currency Exchange Loss:
Mar 15, 2013