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Artak is a beekeeper who has five beehives. His current income from beekeeping is barely enough to pay for his family's living expenses.

Artak lives with his father, wife and son. He would like to expand his farm and earn more income. With the help of this loan Artak plans to purchase 15 more beehives. He hopes that expanding his beekeeping operations will allow him to make his farm more stable and profitable.

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
  • 113
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Artak to buy beehives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 21, 2011
Feb 1, 2012
Currency Exchange Loss:
Oct 17, 2013