Nune H. lives in the Shirak region of Armenia in the village of Gtashen. She is married and has three sons (nineteen, twenty-three and twenty-four years old). Nune has been farming the land for over twenty three years. She considers herself to be a honest hard-working person. In addition to providing for her family, Nune also provides relatives living in the city with produce grown on the family farm.
She is pleased with microfinance services and is looking for a loan to purchase seeds, animal feed, fertilizer and fuel. She expects this investment to increase the family income by twenty percent. She dreams that her children will have happy and healthy lives. Nune enjoys the fresh air and the natural environment of the village of Gtashen.
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.