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Upon returning from two years of service in the army, Erik, at the age of 24, found a means to make a living by breeding cattle. He breeds 110 sheep and earns income. Due to his hard work, Erik has gained many loyal customers who prefer to buy beef and milk only from him. In order to expand his agricultural business, Erik would like to increase the variety of livestock he keeps.

Erik has applied for this loan to purchase eight calves and enlarge the cattle breeding business. The loan is very important for Erik to be able to get high enough income and ensure better life for his family.

Erik lives with his mother and brother and is the only breadwinner of the 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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,500 helped Erik to pay for eight calves.
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 20, 2013
Jun 2, 2013
Currency Exchange Loss:
Jul 2, 2013