Anichka is from the village of Amasia in the Shirak region of Armenia. She is married and has a thirty-six-year-old son. Anichka has a high school education and has been a farmer for the past 21 years. With produce grown on the family farm, Anichka supports her relatives living in the city of Gyumri. She considers herself a hard worker and would like a loan to purchase livestock and feed. Anichka expects her income to increase by twenty percent with this investment. She is pleased with the terms and conditions of microfinance. Anichka dreams of saving enough money to provide for her grandchildren’s education. She enjoys the life of a farmer living in Amasia.
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.