Funded

Total loan: $3,000
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Arman

Armenia
Noravan village, Armenia / Agriculture

A loan of $3,000 helped to purchase wheat seeds, to buy fuel for agricultural machinery, and to renovate his agricultural machinery.


Arman's story

Arman is from Noravan village within the Syuniq region of Armenia. He lives with his wife, parents and sister. Arman is a contractual serviceman in the military service and is the only breadwinner of the family. His salary, however, is not enough to cover the needs of the family. With the help of his family members, Arman is engaged in breeding livestock of sheep, pigs, piglets, and hens, and in cultivation of wheat, potatoes, apples and walnuts. He sells the agricultural products in the local market. To continue running his agribusiness in a sustainable way, Arman needs a loan of $3,000 to purchase wheat seeds, to buy fuel for agricultural machinery, and to renovate his agricultural machinery. With the help of the loan, he will maintain and develop his agribusiness. Arman and his family members highly rely on the good will of the lenders and will be very thankful to them for their support in collecting the needed loan.



Loan details

Loan length:

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

Lenders and lending teams




Loan details

Loan length:

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