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Karen is involved in agriculture. He raises cows and chickens, keeps beehives, cultivates onions and grows fruit trees. Karen would like to develop beekeeping, which requires sufficient investments. With the requested loan, Karen plans to purchase 13 beehives. Karen will also purchase forage to feed the cows.

Karen hopes to earn more income from the sales of honey, which will give him the opportunity to keep expanding his farm.

Karen lives in Yeghegnadzor town with his wife, father and brother. Agricultural income is vital for the family to cover daily costs and make ends meet.

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
  • 121
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Karen to pay for colonies of bees and forage for cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 23, 2012
Sep 12, 2012
Currency Exchange Loss:
Jul 17, 2014