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Ashkhen
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.

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
  • 157
    View loans »
    Armenia Loans Fundraising
  • $13,753,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Ashkhen to increase her income by buying more livestock.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2011
Listed
Apr 26, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012