Arman lives in the Shirak region of Armenia in the village of Artik. He is married and the father of two children, a daughter and a son. He has a college education as a veterinarian. He was born in Artik and has lived most of his life in the village. His passion has always been farming, especially raising animals. From his hard work over the past 15 years Arman has developed a cattle breeding business.
Arman is planning to expand his business and with a loan will purchase additional animals. With his training as a veterinarian his animals are always healthy. To continue supporting his children and wife, he is now focusing on expanding his business. In addition to supporting his family, Arman provides his uncle's family in the capital city, Yerevan, with vegetables grown on his farm.
About AREGAK Universal Credit Organization
In 1997, United Methodist Committee on Relief (UMCOR) established the AREGAK microfinance program with the aim of creating economic opportunities for low-income people who lack or have limited access to formal financial services, especially in remote rural areas. The microfinance program rapidly became one of the largest microfinance institutions in Armenia in terms of the number of active clients and portfolio size.
In 2006, AREGAK UCO was registered as a universal credit organization structured as a closed joint stock company with UMCOR as the sole shareholder.
Today, AREGAK UCO provides a broad range of financial services to the population without compromising the social aspects of its mission. It continues pursuing initiatives geared toward the fulfillment of its ethical principles. To learn more about AREGAK UCO, visit its Kiva Field Partner page.