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Hermine lives in Artashat town with her 16-year-old son. She opened a beauty salon one year ago and now due to her hard work and kindly attitude towards people she has a lot of loyal clients. Now she needs some investment in order to be able to continue to satisfy current market demand. She has applied for this loan to purchase chairs which she needs in her salon, and a sewing machine. The sewing machine will help her to offer sewing services to clients, which will significantly increase Hermine's income.

The loan is very important for Hermine to expand her business and ensure a better future for her son.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,350,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hermine to pay for a sewing machine and chairs.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 17, 2013
Jan 18, 2013
Currency Exchange Loss:
Nov 18, 2013