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Evelina lives in Gyumri town with her parents.

For three years, Evelina has been providing manicure services to local customers. From a rented stall, Evelina provides different types of manicure services and earns her living.

Now, she needs financial support to purchase tools and materials to continue providing her service.

She has now been approved for a loan within the framework of a new joint initiative between Kiva and SEF international. 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 Evelina, and she will be able to continue her lovely job. Due to her kind and nice attitude toward clients, Evelina has a big list of loyal customers. She will be very thankful for the loan.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,833,500
    Funds lent in using Kiva
  • 405.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Evelina to pay for tools and materials to provide manicure services.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 18, 2013
Nov 14, 2013
Currency Exchange Loss:
Nov 17, 2015