A loan of $3,000 helped to make bee hives and hire workers.

Ara's story

Ara is from Kapan. He has been involved in beekeeping for the last three years, and produces high-quality honey which is in high demand among people who live nearby. Ara lives with his wife and two little children. His wife is a teacher at a local school and also takes care of their children. Agriculture is the family's main source of income. Ara has applied for this loan to be build bee hives and hire workers. The loan will help him enlarge his production of honey and earn more income.

Ara has already taken out a loan from a local financial institution, but unfortunately wasn't able to repay it on time. However, thanks to his hard work in recent times, he was able to operate his beekeeping business in a sustainable way, ensuring that he will be able to cover the new monthly payments. So, Ara has 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 no access to credit products. The loan is very important if Ara is to enlarge his business and provide a better life to his family.

Loan details

Lenders and lending teams

Loan details