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Masis lives in Kapan town. He lives there with his parents and has been involved in beekeeping for many years. Masis currently keeps 17 colonies of bees. With the help of his mother, Masis gets high quality honey and sells to local re-sellers. Masis perfectly manages to earn a living for his parents with the beekeeping business.

Because of high costs that the family faces daily, it is very difficult for Masis to save money to increase the number of bees. Therefore, that is the reason he has applied for this loan. The requested loan of USD 1,500 will give a great opportunity to Masis to purchase 15 colonies of bees and enlarge the production of honey.

Masis will be able to gather more income for his parents.

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
  • 162
    View loans »
    Armenia Loans Fundraising
  • $17,083,300
    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 Masis to pay for 15 colonies of bees.
74% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 18, 2013
Jan 20, 2014
Currency Exchange Loss: