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Shushanik lives in Vostan village of Ararat region with her husband and two sons. Together with her husband, Shushanik is involved in agriculture. They keep 30 chickens and also have a plot of land where pear, nut, apple and apricot trees are grown. As agriculture is the only source of income for this family, they would like to expand it.

Shushanik has requested this loan to purchase tomato seeds and fertilizer to cultivate tomatoes for selling it during the next season. Because their greenhouse is very old and needs to be improved, Shushanik will use the other part of the loan in purchasing polyethylene cover for the greenhouse to renovate it. This will help her to cultivate more vegetables in the future, which will significantly increase the family 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
  • 172
    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 Shushanik to pay for tomato seeds, fertilizer, and polyethylene cover for the greenhouse in order to renovate the greenhouse.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 4, 2012
Dec 15, 2012
Currency Exchange Loss:
Dec 17, 2014