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Ashot lives in Jermuk town with his wife, Esmina, and his daughter, Mari. Ashot's son serves in the army at present.

For many years, Ashot has been involved in beekeeping, which has been the main source of income for his family. Currently Ashot keeps 18 beehives.

Ashot would like to develop his beekeeping business, for which he needs sufficient means. With the requested loan, he plans to purchase nine beehives.

Ashot wants to provide access to higher education for his children. Development of beekeeping is important for him to make savings for this purpose.

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
  • 154
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ashot to pay for nine beehives.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
May 3, 2012
Jun 2, 2012
Currency Exchange Loss:
Dec 20, 2013