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Upon serving two years in the army, Jivan B., a 29-year-old father, returned home and started a job search. He found a job at a small hair salon and eventually picked up the skills needed to become a hair dresser. Due to his sought-after skills and optimistic outlook on life, he established a small client base that enabled him to purchase a small salon.

He lives with his wife, their four-year-old child, his mother and sister. He is the main breadwinner of the family; however, his mom and sister help out with business.

Jivan’s salon currently serves only male customers, but he is looking forward to expanding his business to serve a female clientele, which has traditionally been a more lucrative endeavor. Jivan is looking forward to expanding his business to secure the future of his child and family as they continue their lives on the outskirts of Yerevan.

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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $14,328,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Jivan opening of a women's section in a hair dressing salon.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 21, 2010
May 27, 2010
Currency Exchange Loss:
Apr 15, 2012