Taguhi is from the village of Marmashen in the Shirak region of Armenia. She is married with four children: three daughters (seventeen, twenty and twenty-two years old) and a ten-year-old son. Taguhi has a high school education and has been farming for the past eight years. Previously she was employed as a laboratory assistant. Taguhi dreams of renovating the family home and having all her children graduate from university. She is looking for a loan to purchase potato and barley seeds and fertilizer. According to her plans, this investment will increase the family income by thirty percent. She will continue to save money for her children, expand her business, and help support her relatives. Taguhi appreciates the services 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.