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Ashot Balumyan is single and lives with his father and mother. With a university degree, Ashot is engaged in an agricultural business which is the main source of the family's income. Concerned with the critical state of the economy, Ashot does his best to perpetuate the profit which will help him to build a well-provided life for his future family.

To expand the business Ashot has applied to SEF to purchase two high quality milk cows. Ashot’s dream is to increase the family’s profit and be able to have his own family.

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
  • 100
    View loans »
    Armenia Loans Fundraising
  • $16,723,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Ashot to buy two milk cows.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Feb 4, 2011
Feb 13, 2011
Currency Exchange Loss:
Mar 15, 2012