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Hovsep is involved in beekeeping. He currently keeps eight colonies of bees. Hovsep would like to increase the number of bee colonies and also purchase new hives for the bees.

With the requested amount, he plans to purchase fifteen hives and ten colonies of bees. This will allow Hovsep to gather more honey, earn more income, and invest in the further development of his beekeeping business.

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
  • 165
    View loans »
    Armenia Loans Fundraising
  • $17,050,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Hovsep to pay for hives and bee colonies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 9, 2012
Jul 27, 2012
Currency Exchange Loss:
Apr 16, 2014