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Update on Shoghik

Shoghik is from Kapan town. Together with her husband, she runs a store where they are trading clothing.

Shoghik's daughter, Nona, studies at Yerevan State University in the department of international relations. A few months ago, Shoghik applied for a loan to cover her daughter's educational costs for the first semester. Now, with a good credit history behind her, to pay for her daughter's education Shoghik has applied to SEF International for another loan. With the help of the loan, she will pay her daughter's university tuition for the second semester. The loan will help Shoghik to give Nona an opportunity to get higher education and become a good specialist.

Shoghik dreams of seeing her children educated and useful for society.

Previous Loan Details

Shoghik is a 49-year-old mother of three children. She lives in Kapan town with her husband and children. Shoghik works at a local clothing store. Her elder daughter, Nona, studies at Yerevan State University in the department of international relations. Together with her husband, Shoghik wor... More from Shoghik'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

  • $6,300
    Average annual income
  • 112
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 418.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Shoghik to pay her daughter's university tuition for the second semester.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 28, 2013
Apr 16, 2013
Currency Exchange Loss:
Apr 16, 2014