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Varazdat is a proactive, 26-year-old man who works at a local credit organization. Unfortunately, his salary is insufficient to make ends meet for a family of four (including his father, mother, and grandmother), but the family also has a farming business that helps them earn some stable income. Both Varazdat and his father are involved in agriculture and keep 10 colonies of bees and 2 cows. The loan requested will help Varazdat purchase 13 more colonies of bees, another cow, and grass. As there are always plenty of buyers for high-quality honey, Varazdat is hopeful that this loan will give him an opportunity to earn more income and ensure a better future for his family.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Varazdat to buy 13 colonies of bees, a cow, and grass.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 10, 2012
Nov 11, 2012
Currency Exchange Loss:
Nov 17, 2014