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Update on Andranik

Andranik studies at Yerevan State University and is 21 years old. He lives with his parents and together with his studies, Andranik also works at a local supermarket as a salesperson.

The salary that Arndranik gets is very important for covering his family's daily living costs. Last year, Andranik applied to SEF for an educational loan which helped him to pay for his tuition fee. Now, this young man, with good credit repayments behind him, asks for a loan to pay for his tuition fee for the first semester. Andranik will be very grateful to Kiva lenders for the loan as education is highly important to him.

Previous Loan Details

Andranik is student from Yerevan town. He is 21 years old and studies at Yerevan State University. Andranik lives with his parents, who work hard to cover the family's basic costs. It is very difficult for Andranik's parents to sustain the family's living and at the same time save money for th... More from Andranik'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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Andranik to pay university tuition for the first semester.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 14, 2013
Nov 6, 2013
Currency Exchange Loss:
Nov 17, 2014