Ashkhen Bedeyan lives in the village of Bara, which is located in the Shirak region of Armenia. She is married and has five daughters who range in age from nine to 27. In addition to raising her daughters, she has worked on the family farm for the past 30 years. Her goals are to continue supporting her family and raise money to renovate her family's home. She is applying for this loan to buy enough livestock to increase her family's income by 25 percent. She is very happy to have access to microfinance loans and an opportunity to expand her 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.