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Margarita is thirty-two years old. She lives in Kajaran city, in the south of Armenia, with her husband, son and daughter. Margarita's husband works at the local copper foundry. For two years already the couple has been keeping beehives. During this period they managed to increase the number of beehives and now have nine beehives.

Margarita has applied for this loan to develop their beekeeping. With the requested amount she will purchase twenty-six beehives. This will allow Margarita to gather more honey, which she sells in Kajaran and Kapan cities, and get more income. With the additional income Margarita will renovate her house and create better living conditions for her children.

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
  • 169
    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 Margarita to pay for beehives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 4, 2012
May 2, 2012
Currency Exchange Loss:
Dec 20, 2013