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Armen lives in the village of Akhuryan with his wife and two daughters. He used to go abroad and work for awhile providing his family with money. But starting from 2010 he has been involved in agriculture and it is the only source of income. Armen keeps 20 colonies of bees, 5 pigs and 10 piglets. Near the village where Armen lives, he owns a plot of agricultural land where wheat and barley are cultivated. He works hard to gather a good harvest and sell it locally. He gets high quality honey and as honey is a must have product for each household in the community, Armen is able to sell it at a good price.

Now, this farmer with a great credit history behind him has requested a loan to purchase 10 colonies of bees, barley and wheat seeds, and fertilizer. These purchases will greatly support Armen to enlarge his farming business and improve his family's living conditions.

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
  • 128
    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 $2,500 helped Armen to pay for 10 colonies of bees, barley and wheat seeds and fertilizer.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 19, 2013
Aug 22, 2013
Currency Exchange Loss:
Aug 17, 2015