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Babken lives in Goris town with his wife and 27-year-old daughter. Babken is involved in beekeeping. He keeps 32 colonies of bees from which he gets very tasty honey. Honey is a must have item for each Armenian household, that's why there are always plenty of buyers of quality honey. As agriculture is the only source of income for this family, Babken wants to expand it. He has applied for this loan to purchase two cows and forage for feeding them. He will use their milk in cheese production and will sell it in the local market. This will increase Babken's income and enable him to meet his family's needs.

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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $14,328,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Babken to pay for two cows and forage for feeding them.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 19, 2012
Dec 27, 2012
Currency Exchange Loss:
May 17, 2014