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Norayr B. lives in Ashotavan, a community in the Syunik region of Armenia. He is engaged in agriculture with his family. He has a small farm. Norayr has his own land where he plans to grow barley. Unfortunately, he isn’t able to develop a farm because of health problems, so he also wants to buy bee hives. Norayr expects to get more income by selling barley and honey to meet his family’s daily needs. He doesn’t have sufficient funds, so he has applied to SEF to increase his income and to implement his plans.

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
  • $14,888,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,250 helped Norayr to pay for bee hives.
100% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Apr 5, 2011
Apr 24, 2011
Currency Exchange Loss:
Nov 18, 2013