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Sonik lives in the Shirak region of Armenia in the village of Ashotck. She is married and has three sons (20, 24, and 26 years old). She has a college education. Sonik has been engaged in farming for the past 20 years. Known as a hardworking, honest person, she has developed deep experience in agriculture. She is seeking a loan in order to purchase feed and to fix the cattle shed. She expects this investment to increase the family income by 25%. This is her sixth microfinance loan; she is pleased with the high quality of service. Sonik was born in Ashotck and hopes to live the rest of her life in her birthplace.

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
  • 142
    View loans »
    Armenia Loans Fundraising
  • $15,809,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,750 helped Sonik to purchase feed and to fix the cattle shed.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jul 28, 2011
Aug 30, 2011
Currency Exchange Loss:
Aug 15, 2012