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Garik lives in Kajaran town in the Syunik region with his wife and parents. Garik works at a local mining factory. He is also involved in beekeeping. He currently keeps 15 beehives.

In order to gather more honey, Garik has applied for this loan to purchase 10 colonies of bees and 20 hives for the new and old colonies. Garik has a large number of clients for honey, so the expansion of the farm means more sold honey and additional income for him and his family.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $16,765,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Garik buy bee colonies and hives.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 31, 2012
Sep 21, 2012
Currency Exchange Loss:
Oct 17, 2014