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Marine is from the village of Isahakyan in the Shirak region of Armenia. She is happily married with two sons (22 and 25 years old). She has a secondary school education and has been farming for the past 20 years. Marine considers herself a hardworking and honest person. In addition to supporting her family, she also helps her relatives living in Gyumri. Her son is studying theater and hopes to be a famous actor. Marine wants her children to live happy lives. She would like a loan to purchase seeds, fertilizer, and fuel. This investment should increase the family income by fifteen percent. Marine has a positive opinion of microfinance services and the favorable conditions.

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
  • 136
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,375 helped Marine to purchase seeds, fertilizer, and fuel.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Dec 16, 2011
Jan 20, 2012
Currency Exchange Loss:
Aug 15, 2012