Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Vruyr is from Armenia. He needs a loan of $1,000 to purchase seeds.
Vruyr is a young farmer from Gyumri, keeping cattle and cultivating land. He lives with with his mother and school-age daughter. He is the main breadwinner in the family, and the current income is barely enough to cover the costs. Vruyr desires to expand his farm but he currently lacks the capital needed to do so.
With a loan through World Vision, Vruyr will be able to purchase seed and needed supplies for his farm. It will help him earn income and further develop his farm. Additional income created will allow him to reinvest in his business and provide for his family.
In the future, Vruyr plans to cultivate more land and increase the number of cattle. He wants to have to a stable income 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 partnering with World Vision Micro to provide Vruyr Kurghinyan with a small loan for his farming and livestock business. Vruyr used his loan of $1,000 to purchase seeds. He continues to make weekly payments of $12 on time.
With the profits he has earned from his growing business, Vruyr is able to purchase food for the animals and buy supplies in bulk.
Thank you for supporting Vruyr's small business through World Vision Micro!
Vruyr Kurghinyan has successfully repaid his small business loan. He invested the $1,000 for his farming and livestock business.
Thanks to the loan that he received, Vruyr was able to use the profits from his business to purchase food for the animals and buy supplies in bulk. In the future, Vruyr aspires to earn enough to expand his current business and repair or expand their home.
Thank you for investing in the power of hardworking people like Vruyr through World Vision! These funds are now available to help other entrepreneurs in Vruyr's community.