Karine S. lives in the village of Gharibjanyan in the Shirak region of Armenia. She is the proud mother of three children (two sons twenty three and twenty four and a twenty year old daughter).
With her husband, Karine has been working on the family farm for over twenty two years. She is fortunate to have a university degree in agriculture which helps her run the farm. Karine is looking for a loan to purchase seed and fertilizer. She will invest the loan in her livestock and vegetable growing business. According to her business plan she expects the family income to increase by twenty five percent.
Karine was born in Gharibjyan and hopes to continuing living there surrounded by her close friends and relatives. Karine dreams to see her children happily married with children living near her.
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.