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From the town of Gyumri, where she lives with her mother, Marina has been providing manicure and makeup services to locals to earn her living for a number of years. As a result of hard work, she currently has a good client base who use her service with great pleasure.

Marina's loan, which has already been approved within the framework of a new joint initiative between Kiva and SEF international, will enable her to purchase materials needed for her work. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products. The loan will greatly assist Marina, and she will be very grateful to all the lenders.

Additional Information

More information about this loan

This loan is part of SEF's startup pilot project to benefit borrowers working in Armenia's non-formal business sector. By providing working capital to artists, auto mechanics, bakers, furniture makers, construction workers and other informal entrepreneurs, SEF aims to help them formalize their businesses, increase their incomes, and build brighter futures.

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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,836,500
    Funds lent in using Kiva
  • 405.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Marina to buy materials for providing manicure and makeup services.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 10, 2013
Oct 17, 2013
Currency Exchange Loss:
Oct 17, 2015