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Yervand is from Armenia. He has 1 child. He needs a loan of $1,500 to purchase cows and forage.
Yervand is a young farmer from Agarak village where he breeds cattle. Yervand lives with his wife, mother and their little child. To increase the income from agriculture, Yervand plans to breed more cattle which requires the means to purchase necessary forage to feed the cattle. Thus Yervand has applied for this World Vision loan.
This loan will help Yervand develop a bigger farm in the near future by purchasing two cows and the forage to feed them, insuring a more prosperous life for his family.
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.
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Thank you for partnering with World Vision Micro to provide Yervand Sargsyan with a small loan for his farming and livestock business. Yervand used his loan of $1,500 to purchase cows and forage. He continues to make weekly payments of $9 on time.
With the profits he has earned from his growing business, Yervand is able to purchase food for the animals, purchase food for his family and expand the current business.
Yervand's 1 child continues to study in school. Thanks to Yervand's hard work, he will be able to provide a brighter future for his 1 child.
Thank you for supporting Yervand's small business through World Vision Micro!