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Vladimir lives in Yerevan with his parents, wife and two little children. He is a hairdresser with seven years of experience working in beauty salon. In a rented stall of the beauty salon, Vladimir provides different types of hairdressing services. Due to his professional work, Vladimir has a list of loyal customers who use only his services. Now, this talented hairdresser asks for a loan to purchase supplies that he needs for his work, like dyes and scissors.

Vladimir 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. The loan is very important for Vladimir to enlarge his business and to be able to ensure a better life for his family.

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
  • 157
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 405.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Vladimir to purchase supplies that he needs for his work, like dyes and scissors.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 14, 2013
Nov 14, 2013
Currency Exchange Loss:
Nov 17, 2014