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Update on Andranik

Andranik lives with his mother in Yerevan. He is already a fourth year student who also works at a local supermarket as a seller.

Andranik has already taken a loan with the help of SEF International and Kiva which helped him to cover his university tuition for last year's second semester. Now, by applying for another loan, Andranik is asking lenders to support him with this year's tuition.

He is very satisfied with the successful cooperation of Kiva and SEF International and would like to continue.

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
  • 155
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 413.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Andranik to pay for university tuition.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 27, 2014
Apr 3, 2014
Currency Exchange Loss:
May 17, 2015