Funded

Total loan: $3,000
Powered by 13 lenders

A loan of $3,000 helped to pay for four oxen and fertilizer for land cultivation.


Armenak's story

Armenak is from Khanjyan village of the Armavir region. He is a father of two sons, and his wife is a teacher at a local school. Armenak is involved in agriculture and grows peach and apricot trees. He sells the gathered harvest locally and gets income, which is very important for sustaining the family. Armenak has been working at a local village hall for many years, but the farming business helps him to have a stable income during the month. As the unemployment rate in the region is very high, it is very difficult for Armenak and his family to sustain their living.

Realizing that the farming business is very important for him, Armenak would like to expand it. He has applied to SEF International for a loan. With the help of the loan, Armenak will purchase four oxen and fertilizer, which is very important for the successful cultivation of the land.



Loan details

Loan length:

27 months
Disbursed date: April 22, 2013
Facilitated by Field Partner: SEF International

Lenders and lending teams



Loan details

Loan length:

27 months
Disbursed date: April 22, 2013
Facilitated by Field Partner: SEF International