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Karen has been involved in beekeeping for more than 10 years. He keeps 110 colonies of bees, from which he gets high-quality honey. As honey is a must-have item for each household in the region, there are always plenty of buyers of quality honey.

Karen has applied for this loan so he will be able to purchase 20 more colonies of bees, and to renovate the old beehives. This is very important, for him to expand his beekeeping business and meet customer demand.

Karen lives in Goris town, with his wife and two children. He does his best and works hard, to gather high income and ensure a better life for 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
  • 122
    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 $3,000 helped Karen to pay for 20 new colonies of bees and to renovate the 110 old beehives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 26, 2013
Apr 2, 2013
Currency Exchange Loss:
Dec 20, 2013