A loan of $2,875 helped to purchase livestock.


Samvel's story

Samvel lives in the Shirak region of Armenia in the village of Kaps. He is engaged in raising livestock. The village of Kaps is favorable for this type of agricultural activity. Samvel is married with three children: two daughters (eight and fifteen years old) and a nine-year-old son. He also supports his brother’s family with produce grown on the family farm. Samvel would like a loan to purchase additional livestock. According to his business plan, this investment will increase the family income by 20 percent. He will use some of the additional income to save for his children’s education.


About the Field Partner – AREGAK Universal Credit Organization
In the fall of 1997, United Methodist Committee on Relief (UMCOR) established the AREGAK microfinance program, with the purpose to create economic opportunities for low income people who have no or limited access to the formal financial sources, especially in the remote rural areas. The microfinance program rapidly became one of the largest MFI in Armenia in terms of number of active clients and portfolio size.

In March of 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 and continues initiatives geared toward the fulfillment of its ethical principles

Vision Statement
To be the most dynamic and ethical financial institution in Armenia and Nagorno Karabagh.

Mission Statement
AREGAK supports the economic development of small and medium entrepreneurs with high quality, accessible and reliable financial services.

AREGAK UCO’s Ethical Principles
1. Integrity and Excellence
We deliver on our promises
We are honest and transparent in everything we do
We provide excellent customer service
2. Respect and Inclusion
Our leadership, workforce and decision-making reflect and respect the diversity of customers and communities we serve.
We value all employees, investing in their personal and professional growth.
3. Innovation
We develop new processes and systems to improve efficiency
We create value added new products to enhance economic opportunities



Loan details


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Loan details