Susanna N. is from the village of Gharibjanyan in the Shirak region of Armenia. She is married with three children. Susanna’s three sons are twelve, twenty four and twenty five years old. She has a college degree in agriculture.
She considers herself a sincere hard working person. Susanna has been an agricultural entrepreneur for the past twenty one years. She dreams for all of her sons to receive and complete a university education. She is looking for a loan to purchase feed, seeds and fertilizer to expand her livestock and vegetable growing business. With this investment Susanna is expecting the family income to increase by twenty percent. Susanna deems microfinance the best financial opportunity to grow her business. She enjoys the quiet life of her village and looks forward to the future.
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.