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Armen is from the Dzoraget village of the Lori region. He lives with his wife and grandfather. He is a clerk in the government sector. Armen is the only breadwinner of the family. However, his salary is so low that he cannot afford a living with that salary alone. He has been engaged in beekeeping for several years and is very experienced. Armen's wife helps him in the everyday activities related to beekeeping. Armen sells the honey not only in the local market, but also outside of the village.

To be able to continue the beekeeping in a sustainable way, he needs to make some investments. Armen needs a loan of $1,000 to purchase more beehives. It will help him sustain and develop his agribusiness. Armen and his family will be thankful to the lenders for helping them collect the needed loan.

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
  • 100
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Armen to purchase more beehives.
88% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 4, 2013
Oct 9, 2013
Currency Exchange Loss: