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Lena

Update on Lena

Lena is from Gyumri town in Armenia. She lives there with her parents and works at a local company as a lawyer.

Lena studies at the Public Administration Academy of the Republic of Armenia and is currently in her second course of study. She has already taken a loan from SEF and has a good credit history behind her.

Realizing that she isn't able to cover her tuition for second year, she has decided to apply for this new loan. With this loan, Lena will be able to cover her university tuition and continue her education at the academy.

Previous Loan Details

Lena lives in Gyumri city, one of the oldest and most beautiful cities of Armenia, which was affected by a devastating and destructive earthquake in 1987. People of Gyumri have been largely affected by the earthquake and most are still struggling to survive. Lena studies at Public Administrat... More from Lena's previous loan »

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.

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.

About Armenia

  • $6,400
    Average annual income
  • 173
    View loans »
    Armenia Loans Fundraising
  • $13,193,200
    Funds lent in using Kiva
  • 406.2
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $750 helped Lena to pay for tuition for the second year of university.
98% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 25, 2013
Listed
Jan 17, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015