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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.

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
  • 148
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Karen to rent agricultural land, buy seeds for cultivation, and buy forage for feeding the livestock.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Jan 11, 2013
Currency Exchange Loss:
Jan 17, 2016