Pavlik is from the village of Shirak in the Shirak region of Armenia. He is married with three children: two daughters (ages twenty-two and twenty-four) and a sixteen-year-old son. He has a high school education and has been farming for the past twenty years. He considers himself a hardworking person. Pavlik dreams of saving enough money to help purchase homes for his children. He is looking for a loan to purchase seeds, fertilizer and fuel. He expects this investment to increase the family income by twenty-five percent.
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.