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Araik is a 43-year-old father of two children. He lives in Yerevan town with his wife and two sons.

Araik runs a little store where he trades in fruits and vegetables. Due to his friendly attitude and high-quality service, Araik has gained many loyal clients during one year of running the shop. Araik's elder son Stepan studies at Armenian State Agrarian University, in the department of food economics and management. Unfortunately, Araik's monthly income is only enough to cover the family's basic costs and it is very hard for him to save money for Stepan's education.

Araik has requested this loan to pay for his son's university tuition. This will enable Stepan to continue his education and become a good specialist.

Additional Information

More information about this loan

This loan is part of SEF's new education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to higher education, graduate studies or vocational training. By supporting this loan, you're enabling access to education for students with limited options.

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
  • 124
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 405.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Araik to pay for university tuition.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Dec 22, 2012
Currency Exchange Loss:
Nov 18, 2013