Alvard is from the village of Tsoghamarg in the Shirak region of Armenia. She is married with three children: a thirty-year-old daughter and two sons (ages thirty-four and thirty-six). She has a college degree in veterinary science and has been a full-time farmer for the past twenty years. She also helps her children's families with produce grown on her farm. Alvard is honest and hardworking. She wants to expand her business and is looking for a loan to purchase wheat and barley seeds. Alvard expects this investment to increase her income by twenty percent. She is pleased with the loan services and has a positive opinion of microfinance.
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.