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Araqsya has been a beekeeper for five years. She keeps 25 colonies of bees and sells their honey to people who live in her area. Because of her hard work and kindly attitude toward customers, she has many loyal buyers who prefer to get their honey only from Araqsya. As honey is a must-have item for each local household, there are always plenty of buyers. So, in order to meet current market demand and earn more money, she needs more colonies of bees. To make this possible, she is requesting a loan from SEF International to buy 21 new colonies. The loan is very important for Araqsya because it will help her give her family a higher quality of life.

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 $3,000 helped Araqsya to buy twenty-one bee colonies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 17, 2013
May 1, 2013
Currency Exchange Loss:
May 17, 2015