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Nushik lives in Kapan town with her parents and brother. She is 19 years old and it has already been two years that she has been involved in հairdressing. As a young hairdresser, Nushik is talented enough to have loyal clients, who prefer to use only her service.

Nushik has applied for this loan to be able to purchase tools and materials to provide her hairdressing service. 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.

Your support is very important to Nushik and her small business and she hopes for your support.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • 411.7
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $975 helped Nushik to pay for tools and materials to provide her hairdressing service.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 11, 2014
Jun 20, 2014
Currency Exchange Loss: