Funded

Total loan: $2,400
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Babken

Armenia
Sevan, Armenia / Farming

A loan of $2,400 helped to add to his beehives and to buy a cow and calf.


Babken's story

Young farmer Babken lives in Ddmashen village in the region of Sevan. He has a big family consisting of several members: he and his wife, their two sons, his mother and brother. It is a big, genial and consolidated family, always ready to help each other. In their farm they have three cows, five sheep, twenty chickens and two piglets, but the main wealth of their farm are beehives and bee colonies that they have enriched with the help of his previous Kiva loan. The honey that they have is of very high quality and unbelievably good taste. It is the result of hard and honest work during the whole year.

Babken again wants to work with Kiva lenders and is asking for a loan of 1,000,000 Armenian drams to expand both his bee colonies and farm animals. He wants to buy a cow and a calf. Babken is sure that his second cooperation with Kiva will be as useful as the first one.



Loan details

Loan length:

32 months
Repayment schedule: Irregularly
Disbursed date: April 22, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

32 months
Repayment schedule: Irregularly
Disbursed date: April 22, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company