A loan of $2,500 helped to purchase more beehives and special medications for beekeeping.

Borik's story

Borik is from Goris city of Syuniq region. He lives with his pensioner mother and his father. Borik works in the military service. He and his family are engaged in beekeeping; they have 40 beehives. Borik realizes the honey in the local market. Beekeeping in an important source of income for the family.

He currently needs a loan of USD 2,500 to purchase some more beehives and special medications for beekeeping. He has already taken a loan from a local financial institution before, but unfortunately wasn't able to return it back. However, thanks to the hard work during the recent times, Borik was able to run his agribusiness in a sustainable way, ensuring that he will be able to cover the monthly payments.

So, he has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. The second-chance loan program provides loans to people who have a bad credit history and have no access to credit products. Borik and his family will be grateful to all the lenders for helping them maintain their agribusiness.

Loan details

Lenders and lending teams

Loan details