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Garegin is involved in beekeeping. He started this business four years ago and now keeps 37 beehives. Garegin has applied for this loan to increase the number of beehives he keeps. With the requested amount he plans to purchase 12 colonies of bees and 6 beehives. This will allow Garegin to gather more honey and get more income from its sales.

Garegin is 25. He lives with his 45-year-old mother, Alvira. Development of beekeeping is absolutely vital for this young man to have a stable income and provide better living conditions for his own family in the future.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Garegin to pay for colonies of bees and beehives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 31, 2012
Aug 9, 2012
Currency Exchange Loss:
Aug 17, 2014