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Mnatsakan is from Ararat village where he lives with his wife. This couple has been running a farm for more than 10 years. They cultivate tomatoes, haricots and greens as well as growing nut trees. As the land they own is not big, Mnatsakan and his wife have only a small harvest which they sell locally.

Now, by applying for this loan, they would like to enlarge their farm. The loan will be used for purchasing fertilizer which is very important for successful cultivation of the land, fuel for transporting the products to the market, and they also will cover watering costs. Mnatsakan hopes that this loan will be a good step for enlarging his farm.

Mnatsakan is very motivated to provide his wife a beautiful life and improve their living conditions. He waits for your support!

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
  • 169
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,000 helped Mnatsakan to pay for fertilizer, fuel and to cover watering costs.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 17, 2013
Aug 7, 2013
Currency Exchange Loss:
Sep 6, 2013