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Margarit, age 42, works in a local fabric venture(the photo is taken in the workplace), but she also is involved in agriculture. She grows peaches, apricots, cherries, and apples, and she sells the gathered harvest at local markets. She lives with her husband and their two sons in the village of Lanjazat. The whole family works hard to gather a good harvest to cover the family's basic needs. Margarit's work at a soft drink factory helps her to get additional income and sustain her family.

As agriculture helps Margarit to have a stable income during the month, she would like to expand her enterprise. She has therefore applied for a loan, which she will use to buy two cows and to renovate her greenhouse. With the milk from the cows, Margarit plans to start up cheese production. The loan will also enable Margarit to renovate their old greenhouse, where they can then cultivate more fruits and vegetables.

The loan is very important for Margarit and her family, as it will allow them to gather a higher income and improve the living conditions of the 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
  • 176
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Margarit to buy two cows and renovate her old greenhouse.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 4, 2013
Mar 11, 2013
Currency Exchange Loss:
Apr 18, 2015