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Artak is a happy father of three little kids (in the photo). Together with his wife (in the photo), Artak is involved in agriculture. They keep 2 cows, 3 oxen and 10 colonies of bees. Artak's wife milks the cows and produces cheese for selling locally.

As agriculture is the only source of income for Artak, he would like to enlarge his business. He has requested this loan to purchase 4 oxen and forage for feeding them. This will enable Artak to gather more income and with increased income he will be able to improve his family's 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
  • 138
    View loans »
    Armenia Loans Fundraising
  • $15,757,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Artak to pay for 4 oxen and forage for feeding them.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 18, 2013
May 1, 2013
Currency Exchange Loss:
Jun 17, 2015