Marine is from the village of Isahakyan in the Shirak region of Armenia. She is happily married with two sons (22 and 25 years old). She has a secondary school education and has been farming for the past 20 years. Marine considers herself a hardworking and honest person. In addition to supporting her family, she also helps her relatives living in Gyumri. Her son is studying theater and hopes to be a famous actor. Marine wants her children to live happy lives. She would like a loan to purchase seeds, fertilizer, and fuel. This investment should increase the family income by fifteen percent. Marine has a positive opinion of microfinance services and the favorable conditions.
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.