Jora lives in the Shirak region of Armenia in the village of Akhouryan. He is married with three children – a twenty-one-year-old daughter and two sons (twenty-eight and thirty-five years old). Jora has a high school education and has worked on the railway system. Over the past twenty years, he has been working in agriculture on the family farm. In the past couple of years, Jora has been taking microcredit loans. He has found the terms fair and the service to be of high quality. He would like a new loan to purchase pigs and feed. He projects this investment will increase the family income by fifteen percent. One of Jora’s long-term projects is to renovate the family home. He was born in Akhouryan 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.