Nvard K. lives in the village of Jajur in the Shirak region of Armenia. She is the proud mother of four children. Her three sons are 31, 29 and 25 years old. Her daughter is 22 years old. Together with her husband she has been working on the family farm for over 30 years. Nvard has a high school education and considers herself to be a hard working, kind person. She dreams of seeing her children to be married with families and hopes to help them purchase homes.
Nvard would like a loan to purchase additional calves. With proper planning she expects the family income to grow by 20 percent. The reliable services of microfinance loans have helped her with the business.
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.