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Vagharshak grows and sells mushrooms. He buys mushroom seeds, grows them and sells them. To increase the effectiveness of the production process, Vagharshak would like to grow mushroom seeds himself. With the requested loan he plans to purchase equipment to grow mushroom seeds. With the help of this loan Vagharshak will develop his business and increase his working capital. With additional income Vagharshak will ensure a sustainable future for his family. Vagharshak lives together with his wife, son and daughter.

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
  • 133
    View loans »
    Armenia Loans Fundraising
  • $16,765,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Vagharshak to pay for equipment to grow mushroom seeds.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 30, 2011
Nov 4, 2011
Currency Exchange Loss:
Jan 15, 2012