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Gurgen lives in Goris town with his mother, Viktoria. Gurgen works as an engineer at a local factory. In addition, he is in agriculture. Gurgen currently is raising three cows and keeps 25 beehives. Gurgen would like to increase the number of beehives, for which he needs funds. With the requested amount he plans to purchase 12 colonies of bees. This will allow Gurgen to increase income from the sales of honey and continue investing in the expansion of his farm.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Gurgen to pay for 12 colonies of bees.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 24, 2012
Oct 21, 2012
Currency Exchange Loss:
Feb 17, 2014