Ruzanna lives in the Shirak region of Armenia in the village of Marmashen. She is married and the proud mother of two daughters (twenty-eight years old and twenty-one years old) and a twenty-nine-year-old son. Ruzanna supports her daughter’s family, who lives in the town of Artik, with agricultural produce.
Ruzanna has been engaged in vegetable growing and raising animals for over 18 years. She considers herself a hard worker and is proud to be a farmer. Ruzanna would like a loan to purchase additional animals and seeds and feed. She is expecting the family income to increase by up to 20% with the business investment. By growing her business she expects to fully support her family and be able to stay in Marmashen. Ruzanna is fond of her village which has an ancient monastery complex of five churches built in the 10th century.
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.