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Samvel is 42 years old. He lives with his wife and children. Samvel works as a driver, but his salary is too low to meet his family's needs. So Samvel also keeps cattle and cultivates land. He has applied for this loan to develop agriculture. He plans to purchase forage (cattle feed) and a machine to cultivate the land. This loan will help Samvel to cultivate the land faster and more effectively, which will allow him to to increase the harvest and earn more income.

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
  • 126
    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 $3,000 helped Samvel to pay for forage (cattle feed) and a machine to cultivate the land.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 22, 2011
Jan 1, 2012
Currency Exchange Loss:
Nov 15, 2012