ABOUT US

The Organization’s mission is to support the economic development of micro and small entrepreneurs with high quality, accessible and reliable financial services.
The Organization’s vision is to be the most dynamic and ethical financial institution which delivers a broad product range to its market segment in Republic of Armenia (RA) and Nagorno Karabagh (NK).
The main goals of the Organization are: assistance to micro and small entrepreneurs by provision of accessible financial services throughout RA and NK; continuous increase of crediting volumes; introduction of new credit products; expansion of geographic coverage.

Board
Board Chairman
Board Member
Board Member
Hayk Papyan
Board Member
Gayane Movsisyan
Board Member
Magi Nargizyan
Board Member
Executive Administration
Executive Director
Finance Director/Chief Accountant
Shareholder
The humanitarian projects implemented by UMCOR encompas more than 80 countries worldwide. Since 1994 UMCOR has been working in Armenia and its mission is focused on assisting in poverty reduction and social-economic development. In 1997 UMCOR founded AREGAK micro lending program with objectives to support economically active, with low-income population.
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Corporate name of Shareholder
"UMCOR Armenia" Charity Foundation
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Registration details, location (postal address)
Registered and operating on the basis of RA Legislation. Legal address: 14 Karapet Ulnetsi Street, city Yerevan, RA
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Number of shares:types and classes
17225 ordinary shares
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Share capital
100%
Our presence
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27Branches
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9Representative offices
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900Communities

Development stages
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2020Vedi, Dilijan, Spitak and Ashotsk Representative Offices were registered
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2019Maralik Representative office was registered
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201820th Anniversary of AREGAKAREGAK celebrated its 20th Anniversary, in the frameworks of which several events were conducted for both loyal and new consumers. The Organization's Yeghvard Representative Office was registered
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201315th Anniversary of AREGAKAREGAK celebrated its 15th anniversary. The Organization's Alaverdi branch was registered in the same year.
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2010Branch Network ExpansionAREGAK branch network was expanded including borderline Chambarak, Berd, as well as Artik towns.
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2007Branch NetworkBranches were founded in Talin, Aparan, Stepanavan, Vanadzor, Vardenis, Martuni, Gavar, Sevan, Kapan, Sisian, Goris, Ararat, Abovyan, Armavir, Ijevan cities of RA, as well as NK Stepanakert and Martuni cities.
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2006RegistrationRegistered as "AREGAK" Universal Credit Organization CJSC by the Central Bank of Armenia. Masis, Artashat, Ashtarak, Gyumri, Echmiadzin branches were registered.
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1998First branch in Yerevan
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1997FoundationEstablished as UMCOR microfinance program.The first branch was established in Vayots Dzor Region.