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Elmira is from the village of Arpeni in the Shirak region of Armenia. She is married and has a high school education. She considers herself a hard worker and has been engaged as a farmer for the past eleven years. Elmira dreams of renovating her family home. She would like a loan to purchase wheat seeds for the autumn planting season. Elmira expects her income to increase by twenty-five percent with the investment. She is pleased with the services of microfinance. Elmira likes living near nature in Arpeni. Also, most of her relatives live near her.

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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD