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Gagik works as a engineer. Unfortunately his salary is too low to sustain the family so Gagik is also engaged in agriculture. He would like to expand his business, which requires sufficient financial means. With the requested loan Gagik plans to purchase livestock and forage. Development of farming will help Gagik to increase the business income and insure better living conditions for his family. Gagik lives together with his wife. Gagik's son has left for abroad to work, so development of farming will allow him to come back, get engaged in agriculture and stay with his 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
  • 133
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Gagik to pay for livestock and forage.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 19, 2011
Nov 4, 2011
Currency Exchange Loss:
Nov 18, 2013