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Marine (on the right) is a 39-year-old mother of three children. Marine and her husband Gagik (pictured on the left) work hard to sustain their family.

There is a high unemployment rate in their city, but Gagik's work at a local clinic as a dentist helps the family have some stable income. Unfortunately, that income is hardly enough to cover the family's daily costs.

Marine's elder daughter Elen (pictured) studies pharmacy at Vanadzor State College. The family's income is not enough to cover Elen's education costs, so Marine has applied for this loan. With the loan's help she will pay for Elen's university tuition. The loan is very important for Elen to complete her education, with which she hopes to become a good specialist and help her parents to sustain their family.

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
  • 159
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 414.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Marine to pay for her daughter Elen's university tuition.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 15, 2013
Mar 24, 2013
Currency Exchange Loss:
Apr 16, 2014