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Hovhannes is involved in agriculture. He cultivates tomatoes and grows apricot and nut trees. He works hard to gather a good harvest and sell it locally. Together with agriculture Hovhannes also works at local company as a watcher. Unfortunately his salary is hardly enough for sustaining his family of 5: Hovhannes himself, his mother, wife and two daughters.

As agriculture helps Hovhannes to have a stable income, he would like to expand his business. He has applied for this loan from SEF International to purchase fertilizer and cover cultivation costs.

As the cultivation process for spring has already started, Hovhannes needs financial support to cover costs. This is very important for him to gather a good harvest 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
  • 178
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Hovhannes to pay for fertilizer and cover cultivation costs.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 17, 2013
May 1, 2013
Currency Exchange Loss:
May 17, 2015