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Vartenik lives in Yerevan with her mother and daughter, Lusine (in the photo), who is 19 years old. Lusine studies at the Armenian State Police Academy in the faculty of jurisprudence. She works hard to study well and dreams to become a good specialist.

Vartenik is a teacher in a local school, but unfortunately, her teaching salary is not enough for covering the family's costs and at the same time, saving money for Lusine's education.

The loan will help Vartenik to cover her daughter's university tuition. It is very important for Lusine to complete her education and find a job, which will help her to ensure a better life for her 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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • 418.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Vartenik to pay for her daughter's university tuition.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 18, 2013
Mar 29, 2013
Currency Exchange Loss:
Apr 16, 2014