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Mariam has been running a hairdressing salon for 12 years. During this period, due to the high quality of services, Mariam has gained a large number of clients. Now she would like to replace her furniture and hair dressing equipment. This is important for Mariam to stay competitive with other salons and attract new clients. Mariam also wants to expand her business. She has a special place and all necessary conditions to open salons for shaping and massage. To implement these goals, she needs to purchase special equipment for these salons, too. This loan will help Mariam to reach these goals and promote her business.
Mariam lives with her husband, a police officer, and 2 children. Development of the salon is important for this purposeful woman to gather more income from the business, which allows her to save for her children’s future educational costs.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Mariam to pay for furniture, equipment for hair dressing, shaping and massage salons.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 13, 2012
Jul 12, 2012
Currency Exchange Loss:
Aug 11, 2012