Karen is from Bambakashat village of Armavir region. He is married with one child.
Together with his wife and mother, Karen is involved in cattle breeding. They keep ten cows. Karen's wife gets milk and makes cheese, which Karen sells in local markets. They are getting a monthly income which is enough only for covering daily costs.
So, Karen decided to expand his agricultural activity. With the help of this loan, he plans to rent agricultural land and buy seeds for cultivation. This will enable him to gather the harvest and sell it. The other part of the loan will be used for purchasing forage for feeding the livestock. This will help him to cut some operational costs and save more money.
The loan is very important for Karen to be able to give his family a better life.
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.