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Mayis is a 43-year-old farmer from Tegh village. Mayis lives with his wife, daughter and parents. The family gets their main income from agriculture and it is barley enough to cover their daily costs.

To increase the business income, Mayis plans to expand his farm. With the help of this loan he will purchase livestock. Mayis hopes the expansion of the farm will allow him to get more income from the sale of meat and milk. This is vital for Mayis as he will be able to pay for his daughter's education and insure a stable future for her.

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
  • 171
    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 $3,000 helped Mayis to pay for livestock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 21, 2011
Jan 1, 2012
Currency Exchange Loss:
Jan 17, 2014