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Lilik is from Agarak city of Syuniq region. She lives with her husband and son. She works in the government sector, and her husband works in a private copper-molybdenum factory. Both of them pit their efforts together to be able to earn a living. Their salaries alone, however, are not enough to cover the family's daily expenses.

Apart from her main job, Lilik, with the help of her family members, is engaged in beekeeping and in cultivation of several fruits (peach, cherry, quince, pomogranate, fig, grapes, apple, and walnut). They realize the agricultural products in the local market, which is an important source of family's income.

To make her beekeeping business sustainable and more productive, Lilik needs to make some financial investments. She needs a loan of USD 3,000 to purchase several new beehives and buy wax for beekeeping.

As this is Lilik’s first loan, it has been approved within the framework of the new joint initiative of Kiva and SEF. The first-chance loan program provides loans to people who didn’t have access to credit products before, because they had no credit history.

Lilik and her family highly rely on the good will of the lenders and will be grateful to them for their support.

Additional Information

More information about this loan

This loan is designed for clients who are considered to be riskier borrowers. SEF is committed to expanding financial access to these individuals, disbursing loans to clients who have no previous credit history, damaged credit, or who have been unable to get loans from other lending institutions.

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
  • 135
    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 $3,000 helped Lilik to purchase new beehives and buy wax for beekeeping.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 14, 2013
Nov 12, 2013
Currency Exchange Loss:
Nov 17, 2015