Update on HambardzumHambardzum is from Yerevan town. He studies at Yerevan State University and lives with his parents and sister. Currently because of hard financial conditions, Hambardzum isn't able to pay his university tuition. By asking for this loan, Hambardzum wants to pay for his university tuition. The loan is very important for him, as it will be a huge support for Hambardzum to be able to continue his education.
Previous Loan DetailsHambardzum lives in Yerevan with his parents and sister. Hambardzum studies at Yerevan State University. He is in the second course at the Faculty of International Relations. Hambardzum works as a barber at a hairdressing salon, but the salary does not allow him to save sufficient funds for e... More from Hambardzum's previous loan »
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 InternationalSEF’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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid