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Aug 25, 2016 2:29 PM ET

Archived: Armenia – Siranush: A loan of $750 helps to pay for a cow to increase her livestock.

iCrowdNewswire - Aug 25, 2016


Borrower image

Siranush’s story

Be acquainted with Siranush! Siranush is a skillful agronomist from Noratus village. She has been into farming for many years. She founded her farm together with her husband five years ago. She keeps livestock consisting of oxen. Moreover, Siranush grows barley, potatoes, and grass. She realizes the gathered potatoes in the local market. Thanks to sales, Siranush supports her family of five. She lives with her husband, two young kids, between 5 and 9 years old, and her in-laws. All the family members help her with the farm.

Siranush has requested this loan to pay for a cow to increase her livestock. This will help her to make dairy products and generate more income. Siranush is very thankful beforehand. 

This loan is special because:

It provides women farmers with loans in local currency, reducing the risk they take on. 

Kendra Thorogood
Kiva staff 

More about this loan

This loan provides access to local currency financing at a fair price to female farmers in Armenia. Much of the existing agricultural lending in Armenia is done in USD, making farmers take on currency risk and exposing them to currency rate fluctuations. By supporting this loan, you enable farmers to freely expand their income generating activities.

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.

A loan of $750 helps to pay for a cow to increase her livestock.

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