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Torgom lives in the Shirak region of Armenia, in the town of Artik. He is married with two daughters (three and five years old). He is a dentist and has been practicing for the past eight years. In addition to supporting his family he takes care of his parents.

Torgom hopes to open a separate dental practice. He is looking for a loan to purchase new dental equipment. He is pleased with the prices and customer service of microfinance. He expects his business investment to increase his clients and income by fifteen percent. He is proud of living in Artik and the friendly atmosphere of the town.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD