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Anahit
Anahit S. is from the village of Akhouryan in the Shirak region of Armenia. Anahit has been an agricultural entrepreneur for 20 years. In Akhouryan, the main economic activity for the population is farming.

In order for Anahit to meet the spring sowing season, she needs a loan to purchase potato seeds and also animal feed. She expects the family income to increase by 20 percent with this investment.

Anahit is happily married with three children – two daughters (32 and 33 years old) and a 24-year-old son. With the additional income, Anahit will continue supporting her family and save some money to renovate the family home.

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
  • 162
    View loans »
    Armenia Loans Fundraising
  • $13,758,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Anahit to purchase potato seeds and animal feed.
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