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Lusine
Lusine lives in Gyumri town with her husband, father-in-law, and three-year-old son.

Lusine is a hairdresser. She works at one of the local beauty salons as a part-time worker. After her work, she also provides hairdressing services from her house. Due to hard and tireless work, Lusine perfectly manages to gather income and help her husband to sustain their family.

The requested loan will greatly help Lusine to pay for renovation of the workroom and hairdressing accessories needed to provide hairdressing services.

She 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.

Tags

About Armenia

  • $6,300
    Average annual income
  • 100
    View loans »
    Armenia Loans Fundraising
  • $13,984,325
    Funds lent in using Kiva
  • 413.6
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Lusine to pay for renovation of the workroom and hairdressing accessories needed to provide hairdressing services.
52% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2014
Listed
May 5, 2014
Currency Exchange Loss:
Possible