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Aida lives in the village of Anoushayan in the Shirak region of Armenia. She is the proud mother of three children: a thirteen year old son, sixteen and seventeen year old daughters. Aida has a college education. With her husband they have been working on the family farm for over twenty years.

Aida considers herself to be a hard working sincere person and would like to grow her business. She also helps relatives living in the town of Artik with produce from her farm. She is looking for a loan to purchase additional calves. According to her business plan, this investment will increase the family income by around twenty five percent. In additional to growing the family business she dreams of saving enough money for her children to go to college. Currently her oldest daughter is studying at university. Aida enjoys living in Anoushayan close to her relatives and good friends.

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
  • 103
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD