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Avetik M. lives with his wife in Dashtadem village, Armenia. Avetik’s children are married and have settled in Russia where they can have jobs and earn sufficient income to raise their families. Avetik and his wife keep a fruit orchard growing world-famous and delicious Armenian apricot, apple and walnut trees. He also keeps a cattle farm and 15 beehives, and cultivates 1 hectare of land. Both his sons try to help their father financially, and their father and grandfather enjoy sharing the fruit produced on their orchard with the children and grandchildren by sending them to cold Russia to remind them of the taste of delicious fruits from sunny Noah’s land. To diversify his source of revenue, Avetik has applied for a loan to increase his number of cattle.

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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Avetik to purchase additional cattle for his farm.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Mar 3, 2011
Mar 15, 2011
Currency Exchange Loss:
Dec 15, 2012