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Fenya M. lives in the village of Azatan in the Shirak region of Armenia. She has been a farmer for over 20 years. Even though it is difficult, Fenya enjoys the work. With the help of her husband she has also been able to raise three children – a 13-year-old daughter and two sons (6 and 12 years old). In order to grow the family business she would like a loan to purchase seed potatoes and fertilizers. She expects the family income to increase by 20 percent. She has a simple dream – for her children to live happy lives.

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
  • 105
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,975 helped Fenya to purchase seed potatoes and fertilizers.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Feb 24, 2011
Mar 19, 2011
Currency Exchange Loss:
Aug 15, 2012