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Jun 23, 2016 12:28 EST

Armenia: A loan of $2,100 helps Hasmik to pay for fertilizer, potato seeds and fuel for plowing in order to develop the cultivation process.

iCrowdNewswire - Jun 23, 2016

Hasmik

 

 

 
 
 
 
 
 
Borrower image
 
 
 

Hasmik’s story

This is Hasmik from Lor village. Hasmik is a married farmer who has a 14 year old daughter. Hasmik and her husband started their mixed farm with three cows and ten beehives. Now Hasmik runs a large mixed farm with livestock, consisting of many cows, oxen, calves and a lot of beehives. She also has many gardens where she cultivates potatoes, wheat, walnuts, apples, and also grass which is used as a forage for feeding the livestock.

Hasmik realizes her harvest at her relative’s stall in Yerevan. Hasmik is pretty satisfied with her farm and wants to develop it even more. She applied for this loan to pay for fertilizer, potato seeds and fuel for plowing in order to develop the cultivation process. This will allow her to have a better and more flourishing cultivation.

Hasmik is very grateful for your help and is looking forward to your warm response.

 

 

 

 

This loan is special because:

It enables female farmers to improve their livelihoods without additional risk.
 

 

Kendra Thorogood
Kiva staff

 

More about this loan

This loan provides access to local currency financing at a reasonable price to female farmers in Armenia. Much of the existing agricultural lending in Armenia is done in USD, which means that farmers take on currency risk and can be significantly harmed by any currency rate fluctuations. By using local currency financing to expand their income generating activities, farmers can freely invest in improving their families’ livelihoods.

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 familie

 

 

 

A loan of $2,100 helps Hasmik to pay for fertilizer, potato seeds and fuel for plowing in order to develop the cultivation process.

 

 

 

Contact Information:

Hasmik

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