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Satenik is from Kapan town where she lives with her husband (in the photo) and son. Satenik works at a local school as a teacher. As she had no opportunity to get higher education when she was young, now she works as a teacher without an educational background. Satenik applied to university last year. Now she is in the second course, studying primary education pedagogy. The salary she earns from teaching at school is barely enough to make ends meet. It is very difficult for her to cover her family’s costs and save money for her education. Satenik has applied for this loan to pay for her university tuition. The loan is very important for Satenik to make her dream come true and have a higher education degree.

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
  • 411.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Satenik pay for her university tuition.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 17, 2013
May 2, 2013
Currency Exchange Loss:
Jan 17, 2014