Arman lives in Malishka village in the Vayots Dzor region with his wife, Alisa. Arman runs a farm, where he breeds cows and grows fruit trees. Arman dreams of starting beekeeping, but does not have enough financial means to do so. He has applied for this loan to purchase eight colonies of bees. Arman also wants to increase the number of cattle by purchasing three calves. In addition, with the loan's help he will purchase grass to feed the cattle.
Honey is very much in demand in the region as it's a must have item for each household. So, beekeeping will allow Arman to significantly increase his agricultural income and to continue expansion of the farm.
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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.