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Armen is 52 years old. He lives in Verishen village with his 49-year-old wife and 80-year-old mother. Armen's children are married and live apart. The family is involved in cattle breeding. The main income comes from selling received milk and meat. Armen would like to increase his income by selling more milk and meat. To implement this goal, he plans to purchase two more cows. Armen will also use the loan amount to purchase grass to feed the cattle. With increased income, Armen will not only improve his household conditions, but also support his children's young families.

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
  • 173
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Armen to pay for cows and grass.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 16, 2012
Apr 5, 2012
Currency Exchange Loss:
May 5, 2012