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Alen is engaged in beekeeping. He would like to expand his business, for which he needs some financial investemnts. With the requested loan Alen plans to purchase beehives. Additional beehives will allow Alen to develop his beekeeping business and increase his income. This is very important for Alen and his family, as he plans to get married. Additional income will help his family in the future. Alen lives with his parents.

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
  • 165
    View loans »
    Armenia Loans Fundraising
  • $17,050,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Alen to purchase beehives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 19, 2011
Nov 4, 2011
Currency Exchange Loss:
Feb 15, 2013