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Marine Ghazaryan lives in the Shirak region of Armenia in the village of Gharibjanyan. She has a high school education and dreams of her three children attending university. Her two daughters are eleven and thirteen years old and her son is four years old. Together with her husband she has been working on the family farm for the past twenty two years.

Microfinance loans have enabled her to grow the business. She would like a loan to purchase wheat and potato seeds and calves. According to Marine’s business plan, the investment will increase her income by twenty percent. She was born in the village of Voskehask and after her marriage moved to Gharibjanyan. She enjoys village life. Mariam also helps nearby relatives with produce grown on the family farm.

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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Marine purchase wheat and potato seeds and calves.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Oct 29, 2010
Nov 22, 2010
Currency Exchange Loss:
Jun 28, 2012