Heriknaz is from the village of Gtashen in the Shirak region of Armenia. She is married with two sons (twenty-three and twenty-five years old). Heriknaz has a high school education and has been engaged in farming for the past twenty-five years. In addition to supporting her family she helps relatives with produce grown on her farm. Heriknaz is looking for a loan to purchase livestock. She expects her family income to increase by twenty percent with the investment. She dreams for her grandchildren to live happy, healthy lives and hopes to expand her business. She enjoys the nature of her village and the farming life.
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.