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Armen is from Sisian town. He is 29 years old and lives with his parents who are retired with pensions. Armen owns a plot of agricultural land where he cultivates potatoes. He sells the gathered harvest in the market and gets income, which is hardly enough for covering his family's basic costs. Together with agriculture, Armen also studies at the Armenian State Agrarian University in Sisian town. He studies in the agribusiness department and is on his fifth course. As Armen is the only breadwinner in the family it is very difficult for him to sustain his parents’ living and at the same time to save money for education. So he has applied for this loan to pay for university tuition. The loan is very important for Armen to complete his education. He dreams of having a big farm and ensuring a better future for his beloved parents.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 411.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Armen to pay for university tuition.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 7, 2013
Mar 15, 2013
Currency Exchange Loss:
Feb 17, 2014