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Ashot lives in Vanadzor town with his wife and son Davit (in the photo), who is a student. Davit studies at "Yerevan State Medical University after Mkhitar Heratsi", in the department of general medicine.

Ashot works as a coordinator at one of the local companies, but his monthly salary is hardly enough for covering the family's daily costs. It is very difficult for him to save money for his son's education, so he has applied for this loan to pay Davit's university tuition.

The loan is very important for Ashot to give his son an opportunity to complete his education and become a good specialist.

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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 409.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Ashot to pay for university tuition.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 27, 2013
Mar 4, 2013
Currency Exchange Loss:
Nov 18, 2013