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Raffi is a proactive young man from Areni village. He works as driver-distributor in a local company and also is engaged in agriculture.

Raffi keeps two cows and eight chickens and also grows peaches, apricots, nuts, apples and pear trees. He works hard to gather good harvest and sell it in the local market. As agriculture helps Raffi to have stable income throughout the month, and his salary is hardly enough to cover basic costs, Raffi has applied for this loan.

With the help of the loan he will purchase two cows and two calves. This will expand his agricultural activity and will help him to earn higher income.
Raffi lives with his parents and does his best to ensure better life for them.

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
  • 137
    View loans »
    Armenia Loans Fundraising
  • $16,737,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Raffi to pay for two cows and two calves.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 21, 2013
Apr 2, 2013
Currency Exchange Loss:
Jan 17, 2015