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Sasat P. lives in the city of Gyumri in the Shirak region of Armenia. She is married with a 27-year-old son. Sasat has a high school education.

For the past five years, Sasat has been operating a retail grocery store. She dreams of renovating her family's house. Sasat is seeking a loan to purchase inventory and to expand the range of goods in her store. With the loan proceeds, she is expecting to generate a 25% increase in her business income. She explains that her store is in a great location, which makes it an ideal candidate for expansion. Sasat is pleased with microfinance services and looks forward to the expansion of her business.

Additional Information

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.

About Armenia

  • $6,300
    Average annual income
  • 167
    View loans »
    Armenia Loans Fundraising
  • $17,075,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Sasat to expand her store by purchasing additional inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 1, 2010
Oct 26, 2010
Currency Exchange Loss:
Nov 15, 2011