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Ishkhan A

Ishkhan is from Armenia. He needs a loan of $1,300 to buy fertilizer and potato seeds.

Agriculture/Animals
Community:
Future with Faith
Country:
Armenia
other entrepreneurs here Armenia

Summary

Ishkhan is from Armenia. He needs a loan of $1,300 to buy fertilizer and potato seeds.

  • Top Goals To buy fertilizer and potato seeds
  • Dependants Helped 2

Ishkhan's Story

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.

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Industry Info

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.

Ishkhan's Community

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.

Ishkhan's Mid Term Update April 08, 2013

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!

Ishkhan's Final Update April 14, 2014

Ishkhan Aghuzumtsyan has successfully repaid his small business loan. He invested the $1,300 for his farming and livestock business.

Thanks to the loan that he received, Ishkhan was able to use the profits from his business to purchase fertilizer and expand his current business. In the future, Ishkhan aspires to earn enough to further expand his current business and take out another loan.

Thank you for investing in the power of hardworking people like Iskhan through World Vision! These funds are now available to help other entrepreneurs in Ishkhan's community.

Total Amount
$1,300

Amount raised

$1,300
$1,300
100%

Help Ishkhan

28 Donors

  • Dianne
    March 27, 2012
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  • Jeanne
    July 02, 2011
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  • Jason
    December 26, 2011
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  • James
    March 27, 2012
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    January 20, 2012
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  • Jean
    March 05, 2012
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  • Shirley
    March 23, 2012
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  • Juli
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  • Barbara
    March 24, 2012
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    March 24, 2012
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  • Mark
    March 26, 2012
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  • Mark
    March 26, 2012
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  • Michael
    March 27, 2012
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  • Lauren
    March 27, 2012
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  • Linda
    March 27, 2012
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  • Stephen
    March 27, 2012
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  • Austin
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  • Evelina
    March 27, 2012
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    March 27, 2012
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  • Angel
    March 27, 2012
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  • Matthew
    March 28, 2012
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  • Brad
    March 29, 2012
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  • Peter
    March 30, 2012
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    March 31, 2012
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  • Janine
    April 01, 2012
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  • Thomas
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  • Scott
    April 02, 2012
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