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Ani lives with her father in Kapan town. She is a hairdresser. Two years ago she rented a small space in one of the local beauty salons. Due to her hard work, Ani was able to gather a number of loyal clients who value the quality of work that she provides.

Ani has now applied for this loan to be able to purchase tools and materials needed for providing hairdressing service. This will be a big support for Ani and her work, letting her make her work more effective.

Ani has 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.

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
  • 110
    View loans »
    Armenia Loans Fundraising
  • $14,010,625
    Funds lent in using Kiva
  • 414.0
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,450 helped Ani to pay for tools and materials needed for providing hairdressing service.
65% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 13, 2014
Apr 5, 2014
Currency Exchange Loss: