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Samvel is 56 years old, with 3 children, from Dalarik village of Armavir region and is involved in agriculture. He keeps two cows, gets milk and uses it in cheese production. Then he sells the cheese in a local market and gets income which helps him to cover his family's basic costs. But for a family of five, this income is hardly enough for making ends meet.

So, Samvel has applied for this loan to expand his farm. The loan will help him to purchase two cows, an ox and forage for feeding the livestock. The loan is very important for Samvel to increase the livestock, gather a high income and secure better living conditions for his family.

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
  • 129
    View loans »
    Armenia Loans Fundraising
  • $16,766,225
    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 2 cows, an ox and forage for feeding the livestock.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jan 30, 2013
Feb 8, 2013
Currency Exchange Loss:
Aug 17, 2013