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Sofik is 32 years old, married with two sons and lives in Kapan town of Syunik region. Sofik and her husband are involved in beekeeping and now they have 10 colonies of bees. Sofik has applied for this loan to increase the number of bee colonies. She plans to purchase 20 more colonies of bees, which will allow her to gather more honey and sell it in the local markets. The loan is very important for Sofik to cover her household costs and ensure a better future for her children.

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
  • 172
    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 Sofik to pay for 20 colonies of bees.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Nov 21, 2012
Currency Exchange Loss:
Dec 17, 2014