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Stepan is a school teacher and lives with his wife, who is also a teacher. The family has been engaged in beekeeping for five years. Stepan has applied for this loan to develop his beekeeping. He plans to purchase 15 more beehives, which will allow him to receive more honey. Honey is in great demand not only in the city, but also in the region, so meeting this demand will allow Stepan to increase his income and ensure a better life for his family.

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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Stepan to pay for beehives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 22, 2011
Feb 1, 2012
Currency Exchange Loss:
Jan 17, 2014