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Armen has been running a farm for already six years. He lives with his mother, wife and four year-old little daughter. Armen breeds cattle (he has nine cows and three calves). He also cultivates wheat, potato, beans (haricots) and grows nut, apple and pear trees. As the only breadwinner of the family, Armen works hard to gather a good harvest and high income.

As the farming business is the only source of Armen's income, he has applied for this loan to expand the farm.

With the loan's help Armen will purchase three calves and forage for feeding the livestock.

The loan is very important for Armen to earn more income and improve his family's living condition.

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
  • 175
    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 Armen to pay for three calves and forage for feeding livestock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 28, 2013
Apr 12, 2013
Currency Exchange Loss:
Apr 18, 2015