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Artak is a single man who lives with his mother in Sarnakunq village in the Syunik region. He has been engaged in agriculture and has been running his farm with great love and care for several years. On his farm, Artak currently keeps 12 cows, 22 sheep and 10 chickens. Artak also cultivates barley, potatoes and greens to feed his livestock.

Artak works hard to sustain his mother's life, and agriculture is very important for him.

Now, with a good credit history, Artak has applied for this loan to purchase fuel and renovate his agricultural machinery. This loan is very important for Artak to enlarge his agricultural business and gather more income. He is sure that this loan will increase the profit's of his family, and Artak will be able to ensure a better life for his mother.

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 $3,000 helped Artak to pay for fuel and the renovation of his agricultural machinery.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 27, 2013
Jul 6, 2013
Currency Exchange Loss:
Aug 5, 2013