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Melikset is 55 years old. He lives in Jermuk town, Armenia, with his wife. This town is famous for its mineral water with its health improving properties. He works at the local factory of mineral water as a mechanic. He also runs a farm where he keeps beehives. The number of beehives is currently 31. He would like to develop his beekeeping, for which he wants to purchase 20 more beehives. Development of beekeeping means additional income for Melikset, which will provide him financial stability currently and after retirement from his work at the factory.

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
  • 100
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Melikset to pay for 20 beehives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 17, 2012
May 3, 2012
Currency Exchange Loss:
Apr 16, 2014