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Suren is a 46-year-old farmer from Lukashin village. He lives with his wife, daughter and son, who help him with agricultural work. He has been involved in agriculture for more than 15 years, and it is his only source of income. Suren's farm currently includes 30 chickens, a mother pig, 60 lambs and 8 cows. He also owns some agricultural land, where apricot, plum and pear trees are grown. He works hard to gather good harvests and sell his produce in the local market.

Because Suren has insufficient funds to increase the number of his livestock, he has applied for this loan. With the loan's help he will purchase nine bulls, which will help him to earn more agricultural income. The expansion of the farm is very important, for Suren to be able to sustain his family and improve their living conditions.

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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Suren to pay for 9 bulls.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 11, 2013
Mar 18, 2013
Currency Exchange Loss:
Mar 18, 2014