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Artak lives with his parents and is the family's main breadwinner. He is involved in beekeeping. Currently, he keeps thirteen beehives. He likes beekeeping very much and would like to keep more bee colonies, which would allow him to make more honey.

Artak will use this loan to purchase ten bee colonies as well as hives where he will keep these colonies. Artak is very excited about developing his beekeeping business as it will give him an opportunity to earn more income and save money to purchase more beehives. Selling more honey is important for Artak because it sustains 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
  • 151
    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 $2,900 helped Artak to pay for ten colonies of bees and hives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 13, 2013
Mar 22, 2013
Currency Exchange Loss:
May 17, 2014