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Gurgen is involved in beekeeping. He started beekeeping nine years ago and keeps 15 colonies of bees at present. Gurgen would like to purchase 10 more colonies of bees, as well as hives for them. Gurgen also wants to purchase medicine to fight against diseases. Development of beekeeping is important for Gurgen to earn more income and invest in further expansion of his farm.

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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Gurgen to buy 10 colonies of bees, hives for the bees and medicine.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 19, 2012
Oct 4, 2012
Currency Exchange Loss:
Jul 17, 2014