Anna is living in the Shirak region of Armenia in the village of Gtashen. Anna was born in Gtashen and enjoys the nature, fresh air, and being close to her extended family. Anna and her husband have been working on the family farm for the past twenty years. She is very proud of her two sons (twenty-two and twenty-three years old) and looks forward to having grandchildren. Anna would like a loan to purchase seeds, fertilizer, and fuel. She expects this investment in her business to increase the family income by twenty percent. With microfinance services, she plans to continue expanding the family 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.