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Garegin
Garegin is an experienced agronomist from Lernadzor village of Syuniq region. He lives with his wife, his 17-year-old daughter, 16-year-old son and his mother. He works in the government sector and his wife works in the village school. They work hard to be able to earn a living for the family. Their salaries, however, are so low that they need alternative sources of income to afford a living. To meet the daily needs of his family, Garegin is engaged in beekeeping. The latter is an important source of the family's income. He sells the honey in the local market and has a high demand there. To continue beekeeping in a sustainable way, Garegin needs to expand it a little bit. He needs a loan of USD 1500 to purchase new beehives. Garegin and his family highly rely on the good will of the lenders and will be very thankful to them for their support in collecting the needed loan to sustain their agribusiness

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.

Tags

About Armenia

  • $6,300
    Average annual income
  • 110
    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 $1,500 helped Garegin to purchase new beehives.
54% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 10, 2013
Currency Exchange Loss:
N/A