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Hasmik is a student at Yerevan State Medical University, which is named after Mkhitar Heratsi, the father of Armenian medicine. She lives with her mother and brother, who is 18.

Along with school, Hasmik also works at a local pharmacy. Her monthly income is hardly enough to cover the family's daily costs, because Hasmik is the only worker in the family.

That's why it is very difficult for Hasmik to save money for her education. She has applied for this loan to pay for her university tuition.

It is very important for Hasmik to complete her education, and be able to ensure a better life for her mother and her brother.

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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $14,328,850
    Funds lent in using Kiva
  • 409.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hasmik to pay for university tuition.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 28, 2013
Mar 4, 2013
Currency Exchange Loss:
Nov 18, 2013