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Arnak started his farm business many years ago. He cultivates onions and sunflowers and has his own truck, which he uses to take the gathered harvest to the nearby city to sell in the market.

Arnak sustains his family of three: his wife and two little sons. As the agricultural business is the main source of income for Arnak, it is very important for him to expand it.

He has applied for this loan to pay for fuel for taking the gathered harvest to the market and to purchase fertilizer and onion seeds. This will help Arnak to expand his agricultural activity and 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
  • 164
    View loans »
    Armenia Loans Fundraising
  • $17,050,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $750 helped Arnak to pay for fuel and purchase fertilizer and onion seeds.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Mar 5, 2013
Mar 31, 2013
Currency Exchange Loss:
Oct 17, 2013