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Zepyur A. was born and spent her whole life near her extended family in the village of Meghrashen in the Shirak region of Armenia. She is married and has two children. Her daughter is 22 years old and her son is 24.

Zepyur has a high school education. She has been a self-employed farmer for the past 15 years. Zepyur considers herself to be a hard-working, sincere person. She is pleased with microfinance loans because they can enable her to grow her business. She is looking for a loan to purchase additional cattle. With this investment Zepyur expects the family income to increase by 25 percent.

In addition to supporting her family, she provides her relatives with agriculture products from the family farm. Some of the additional income from her business will be used for her son’s wedding.

Additional Information

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.

About Armenia

  • $6,300
    Average annual income
  • 94
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD