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Ashot is 55 years old. He lives in Kapan city, in southern of Armenia, with his wife, son and daughter. Ashot's son works at the bakery and his wife is a teacher at the local school. For the past eight years, Ashot has been involved in beekeeping. His farm currently includes 15 beehives. In addition to beekeeping, Ashot drives a taxi.

Ashot has applied for this loan in order to develop his beekeeping and purchase more beehives. This will allow him to gather and sell more honey and earn more income. Ashot dreams to expand his farm beyond beekeeping and develop other fields of agriculture. Developing his beekeeping business will allow him to start making his dream come true.

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
  • 138
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Ashot to buy beehives.
100% repaid
Repayment Term
31 months (Additional Information)
Repayment Schedule
Mar 26, 2012
Apr 9, 2012
Currency Exchange Loss:
Apr 16, 2014