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Hripsik is a 46 year-old entrepreneur from Yerevan. She runs three fashion salons in different parts of the city. She lives with her son and daughter, who are both students. The current level of income that Hripsik gets is barely enough to pay for her children's education. Therefore, Hripsik has applied for this loan to develop her business. Hripsik plans to purchase more clothing for her salons and increase the sales. This will allow Hripsik to increase her income and ensure a brighter future for her children.

Additional Information

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hripisik to pay for clothing to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 14, 2011
Jan 1, 2012
Currency Exchange Loss:
Jan 17, 2014