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Rafik lives together with his wife, parents and two little daughters. The family gets its main income from agriculture: cattle breeding and land cultivation. Rafik has applied for a loan to develop sheep-breeding. With the requested loan he plans to purchase sheep and forage. Development of sheep-breeding will allow Rafik to sell more meat and fleece and increase his business income. With more income Rafik will sustain his family with better conditions.

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
  • 122
    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 $2,300 helped Rafik to pay for sheep and forage.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 9, 2011
Dec 13, 2011
Currency Exchange Loss:
Dec 20, 2013