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Ishkhan is from Armenia. He needs a loan of $1,300 to buy fertilizer and potato seeds.
Ishkhan is from Armenia. He needs a loan of $1,300 to buy fertilizer and potato seeds.
Ishkhan is a young farmer from Gyumri. He raises cattle and cultivates land. He currently lacks the resources to expand his farm as he would like.
With a loan through World Vision, Ishkhan will be able to purchase fertilizer and seeds to generate a higher yield of potatoes. He will then be able to better provide for his family and reinvest in his business.
In the future, Ishkhan wants to keep expanding his business, have a steady income to support his family, and save for the future.
The Agriculture business sector covers all farming and livestock activities. Some entrepreneurs request loans to help in securing supplies and equipment. Others want to buy more animals to breed or purchase feed and medicines. The majority of our loan clients live in rural communities where agriculture is already understood as a business model. It is for this reason that approximately 50% of our loans are in the agricultural sector.
The community of Future with Faith is 75 miles north of Yerevan, the capital of Armenia. It is an urban area with poor infrastructure. It is made up of four neighborhoods and two villages. The area was built after the devastating earthquake back in 1988. People were brought there from different parts of the city and had no history of living together or caring for each other. They still remember their former homes and neighbors and they feel they haven’t been treated fairly by the government. People have lost hope and trust. Perceptions are connected with the change of generations and so the challenges remain of helping people to understand the reality.
In Future with Faith, World Vision is educating parents and teachers about children’s rights, renovating schools and supplying sports equipment and learning materials, and teaching children about personal hygiene and nutrition that helps to improve their health. Microfinance is helping people to establish their businesses and grow their clientele to stabilize their earnings and provide for their families.
Anna began selling gata, a traditional Armenian pastry, to help supplement her husband’s income. It was a slow and labor-intensive project but Anna was persistent. When she received her first loan, she rented a small space and purchased an oven. After repaying her first loan, she took out a second loan to purchase a mixer. Today, she has work for her three grown children and employs two women, one a single mother of three. A small loan can make a huge difference.
Thank you for supporting a small business loan for Ishkhan Aghuzumtsyan to expand his farming and livestock business. After receiving the loan from World Vision, he invested the $1,300 to buy fertilizer and potato seeds.
Ishkhan has been repaying his loan on time with his new profits. He makes weekly payments of $12.
In addition to repaying his loan, Ishkhan is using additional income to purchase fertilizer and expand his current business.
Thank you for supporting Ishkhan and World Vision Micro!
