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Genik is from Brnakot village of Syunik region. He lives with his two daughters and wife. Genik's elder daughter Susanna is 19 years old and studies at Yerevan State University. Genik works hard in order to sustain his family's living and at the same time pay for his daughter's education costs.

Because of current financial hardships, Genik is currently doesn't able to pay for Susanna's university tuition. By applying for this loan Genik asks for financial support. It is very important for Genik to give Susanna an opportunity to continue her studies.

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
  • 97
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 406.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Genik to pay for university tuition.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 9, 2013
Nov 11, 2013
Currency Exchange Loss:
May 17, 2014