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Gevorg has been involved in beekeeping for more than 15 years. He keeps 15 colonies of bees and gets high quality honey. Gevorg sells it in the local market and gets income, which helps him to sustain his family. Gevorg lives in Sisian with his wife, two daughters and a son.
Gevorg is the only breadwinner in the family and beekeeping helps him to have a stable income during the month. But it is very difficult for him to cover his family’s basic costs and at the same time save money for covering transportation costs. So he has applied for this loan to pay for transportation of honey to the market. The loan is also very important for Gevorg expand his business.
With the help of this loan he will also purchase 4 calves and forage for feeding them. This will help him to expand his agricultural activities and earn more income.

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
  • 129
    View loans »
    Armenia Loans Fundraising
  • $14,333,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Gevorg to pay for transporting his honey, and purchase four calves and forage for feeding them.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 24, 2013
Jan 26, 2013
Currency Exchange Loss:
Oct 17, 2014