Anna lives in the Shirak region of Armenia in the village of Marmashen. She is married and has a two-year-old son. Anna finished college with a teaching degree. With difficult economic times, she has been farming the family land for the past five years. She is working hard and would like to expand her business. She would like a loan to purchase additional livestock. She expects this investment to grow her net income by fifteen percent. She is pleased with the services of microfinance and the reasonable rates. Anna dreams of renovating her home. She was born in Marmashen and enjoys the rural 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.