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Hasmik has been involved in beekeeping for 12 years. Over these 12 years she has gained 26 colonies of bees. At the same time Hasmik is engaged in a farming business. Currently she keeps 13 chickens and grows different types of trees (pear, apple, nut, apricot and peach).

Hasmik lives with her husband and two children in the small village of Arpy, which is located in the Vayots Dzor region. As honey is a must-have item for each household in Armenia, beekeeping is a profitable business for sustaining the family. So, in order to meet her clients' demands, Hasmik wants some financial support for purchasing 4 colonies of bees.

She has applied for this loan for enlarging her business. With the loan's help she plans to purchase 4 colonies of bees, and to buy onion and tomato seeds. Hamik hopes that Kiva lenders will help her to continue her agricultural business and that she will be able to solve some of her family's problems.

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
  • 129
    View loans »
    Armenia Loans Fundraising
  • $16,765,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Hasmik to pay for 4 colonies of bees and for onion and tomato seeds.
93% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jun 21, 2013
Jul 7, 2013
Currency Exchange Loss: