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Marine lives in Kapan town, in the south of Armenia, together with her husband. Marine works at a local factory and her husband works at the local electrical station. About 8 years ago the couple bought a few beehives and started breeding the bees. Currently, the number of beehives in their farm has reached 16. Marine wants to purchase more bees and beehives to keep them. In order to implement this goal Marine has applied for this loan. With the increased number of beehives, Marine will gather more honey, which she sells in Kapan. This means additional income and a new perspective for the development of beekeeping for Marine and her husband.

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
  • 171
    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 Marine to pay for bees and beehives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 14, 2012
Jun 1, 2012
Currency Exchange Loss:
Jun 17, 2014