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Garnik is from the Armavir region. He works in agriculture. He has 3 pigs, 50 chickens, and 45 colonies of bees. Garnik also owns agricultural land where he cultivates cucumbers, onions, and watermelons. He works hard to gather good honey and to sell it in the local markets. Due to his hard work, his honey is in high demand amongst buyers.

As agriculture helps Garnik to gather income and helps to cover his family's costs, Garnik would like to expand his farm. He has applied for this loan to purchase two bulls, fertilizer, and to cover fuel costs. This is very important for Garnik as he has no sufficient funds to cover fuel costs to take his product to the market.

Garnik lives with his wife and 3 sons. The loan is very important for Garnik to expand his farm and be able to ensure a better life 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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Garnik to pay for two bulls, fertilizer, and to cover fuel costs.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Feb 19, 2013
Feb 28, 2013
Currency Exchange Loss:
Jun 17, 2014