Mariam is from the village of Erazgavors in the Shirak region of Armenia. She is married with three children: a twenty-eight-year-old daughter and two sons (aged twenty-five and twenty-seven). She is known to be an honest person and has been working hard on the family farm for thirty years. She wants to save enough money to help her children buy homes.
Mariam is looking for a loan to purchase cows. This investment in her business should increase the family's income by twenty-five percent. She is pleased with the services of microfinance. Mariam is proud to have her own farming business.
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.