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Zoya is from the village of Isahakyan in the Shirak region of Armenia. She really enjoys the nature of Isahakyan and the people in her village. Zoya has three children – a twenty-seven-year-old daughter and two sons (twenty-one and thirty). Her oldest son lives in Russia and she misses him dearly. Zoya and her husband have been working on the family farm for the past twenty years. They would like to expand their business. With a microfinance loan, she will purchase seeds, fertilizer, and fuel. This investment should increase the family income by twenty percent. The proceeds will be used to support their extended family and to reinvest in the 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
  • 131
    View loans »
    Armenia Loans Fundraising
  • $14,328,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD