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Sofya is 25 years old and lives in Syunik region with her husband (in the photo). This young family is involved in beekeeping. They keep 15 beehives and get high quality honey. Sofya's husband, Alen, sells the honey in the local markets.

Alen is a driver in a local company, but his monthly income isn't enough to cover the family's daily costs. So, Sofya has applied for this loan to purchase five colonies of bees. This will help her to get more honey. The family's income will significantly increase and they would be able to improve their living conditions.

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
  • 123
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Sofya to pay for five colonies of bees and sell the honey.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 13, 2012
Dec 22, 2012
Currency Exchange Loss:
Apr 16, 2014