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Gagik is involved in beekeeping. Currently he keeps 13 beehives. Gagik likes beekeeping and his work very much, and he would like to keep more colonies of bees, to make more honey.

Gagik will use this loan to purchase 15 colonies of bees, as well as hives, where he will keep these colonies. Gagik is very excited about developing his beekeeping, which will give him an opportunity to have more income and save money for purchasing still more beehives.

Gagik lives with his wife and two daughters, Zarine (who is 16 years old) and Heghine (who is 18). As the family's main breadwinner, Gagik wants to gather and sell more honey, which is important for him to sustain his family.

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
  • 139
    View loans »
    Armenia Loans Fundraising
  • $14,433,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Gagik to buy more bee colonies and hives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 17, 2012
Jul 26, 2012
Currency Exchange Loss:
Aug 17, 2014