Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Arsen is from Armenia. He needs a loan of $1,000 to purchase additional cattle.
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.
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.
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.
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!