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Arsen M

Arsen is from Armenia. He needs a loan of $1,000 to purchase additional cattle.

Agriculture/Animals
Community:
Sisian
Country:
Armenia
other entrepreneurs here Armenia

Summary

Arsen is from Armenia. He needs a loan of $1,000 to purchase additional cattle.

  • Top Goals To purchase additional cattle.
  • Dependants Helped 2

Arsen's Story

Arsen and his parents cultivate land and currently have 2 cows. From this, they are able to provide for their family.

Arsen Margaryan lives in Getap village of Vayots Dzor region together with his parents.
Just having 2 cows and cultivating the land is the family’s main income. However it covers only the most basic needs. Arsen has applied for the loan to increase the number of cattle. His parents help in the agricultural works.

This loan will help Arsen's family to improve their quality of life beyond just their basic needs. Arsen hopes to be able to expand the family farm.

Once Arsen has sufficient income he would like to start a family.

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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.

Arsen's Community

Armenians have their own distinctive alphabet and language. They have a history rich in culture and like to celebrate their heritage. After independence, the importance of agriculture increased. Worries of food insecurities rose during the first phases of transition. Farmers are still limited in their access to credit, markets, training, and new technology.

Located in the southern region of Armenia, Sisian has long, cold winters and cool summers. Traditionally an agricultural region, residents of Sisan were unwillingly involved in conflicts arising from the collapse of the Soviet Union in 1991. This conflict damaged the economy and the infrastructure as well as creating a heavy psychological toll for those involved.

Today, World Vision has enabled residents to begin addressing essential needs such as access to clean water, nutritious food, quality education, and vocational training.

Arsen's Mid Term Update March 12, 2013

Thank you for supporting a small business loan for Arsen Margaryan to expand his farming and livestock business . After receiving the loan from World Vision, he invested the $1,000 to purchase additional cattle.

Arsen has been repaying his loan on time with his new profits. He makes weekly payments of $6.

In addition to repaying his loan, Arsen is using additional income to purchase food for his family, purchase fertilizer and purchase forage.

Thank you for supporting Arsen and World Vision Micro!

Total Amount
$1,000

Amount raised

$1,000
$1,000
100%

Help Arsen

14 Donors

  • Beverly
    May 07, 2011
    Contributed to 1 other loans
  • Jennifer
    May 18, 2011
    Contributed to 0 other loans
  • Burl
    May 31, 2011
    Contributed to 30 other loans
  • Dale
    August 17, 2011
    Contributed to 57 other loans
  • Stephen
    August 17, 2011
    Contributed to 35 other loans
  • Lisa
    August 19, 2011
    Contributed to 36 other loans
  • Adam
    August 19, 2011
    Contributed to 45 other loans
  • Anne
    August 19, 2011
    Contributed to 35 other loans
  • Roseline
    August 21, 2011
    Contributed to 46 other loans
  • Douglas
    August 22, 2011
    Contributed to 39 other loans
  • Adriene
    August 26, 2011
    Contributed to 17 other loans
  • Bruce And Carol
    September 01, 2011
    Contributed to 58 other loans
  • Marc
    September 08, 2011
    Contributed to 12 other loans
  • Martina
    September 10, 2011
    Contributed to 11 other loans

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