Marine is from the village of Arevshat in the Shirak region of Armenia. She is the proud mother of four children: two daughters (ages fourteen and twenty-one) and two sons (ages seventeen and eighteen). Together with her husband, Marine has been farming for the past fifteen years. She also helps support relatives living in the city with produce grown on the family farm. Marine is looking for a loan to purchase calves and animal feed. She expects this investment to increase her income by twenty percent. She dreams of all her children being happily married and looks forward to becoming a grandmother.
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.