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Norik is an experienced farmer from Tolors village of Syunik region. He lives with his wife and elderly mother. Norik and his wife work in the village's secondary school. Their salaries, however, are so low that they cannot afford a living based on those salaries alone. To be able to cover the costs of his family, Norik is engaged in breeding a livestock of sheep and hens and cultivation of wheat, beans, potato, apple and walnut.

Norik's wife assists him greatly in his everyday activities relating to livestock breeding and plant cultivation. Farming is an important source of income for the family. As the autumn is progressing, Norik needs to make some investments in his agribusiness. A loan of USD 1,500 will support him greatly, enabling him to purchase wheat seeds and some forage for the livestock.

Norik and his family will be grateful to all the lenders for helping them sustain their agribusiness.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $16,783,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,500 helped Norik to purchase wheat seeds and some forage for the livestock.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 20, 2013
Oct 26, 2013
Currency Exchange Loss:
Nov 25, 2013