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Armen lives in Arpy village, Vayots Dzor region, with his wife, son and daughter. Armen is involved in agriculture: he keeps chickens, beehives and grows fruit trees. Armen would like to develop beekeeping, for which he needs sufficient funds. With the requested loan Armen will purchase 12 colonies of bees. This will allow Armen to increase the sales of honey and gather more income. Armen is the only breadwinner for his family, and stable income from agriculture is important for him to ensure prosperous lives for his family members.

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
  • 100
    View loans »
    Armenia Loans Fundraising
  • $13,984,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Armen to pay for 12 colonies of bees.
96% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 26, 2012
Oct 21, 2012
Currency Exchange Loss: