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Arevshat
Arevhsat is a hairdresser with two years of experience. After coming back from the army two years ago, he has decided to earn his living by providing hairdresser service. Arevshat rents a small place in one of the village beauty salons and provides hairdressing service for locals. He lives together with his 17-years-old sister alone. As the only breadwinner of the family, he feels very responsible in providing a better life for his little sister.

Customers value the service that Arevshat provides and prefer to come to Arevshat. He is very nice and attentive to his clients and that's the reason he gains their love and respect. Arevshat now asking for this loan to be able to purchase tools (chair, table, and hairdressing materials) needed for his work.

He 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 be great support to this young hairdresser and he hopes for your support.

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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 103
    View loans »
    Armenia Loans Fundraising
  • $12,437,275
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Arevshat to pay for tools (chair, table, and materials) for providing hairdresser service.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2013
Listed
Jan 9, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014