Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Manvel is from Armenia. He needs a loan of $1,000 Manvel has applied for the loan to prepare for planting seeds in the Spring time to gain good produce and income for this family. .
Manvel keeps a cattle farm and cultivates the land. Manvel Gevorgyan lives with his wife and 3 children in Balandur village of Shirak region. Having lived in his home town Gyumri for many years, following the devastating earthquake in 1988 Manvel has moved to the country site to start their lives over. Last year Manvel has undergone a serious operation, and his savings have gone to cover the medical costs. This year it is vital for Manvel to improve the business conditions and insure he is ready for spring works.
This loan will help ensure that the farm does well this year and contributes to savings for the family. Manvel is hoping that his farm will provide a good harvest that will add to his income.
The additional income will allow Manvel's family to get back on their feet financially and contribute to future savings to provide more stability and security.
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.
With the help of this loan Manvel has purchased potato seeds and cultivated the land.
Manvel has received a good harvest, which allowed him to not only to sustain his family, but also to sell a portion of it and increase his income.
Manvel is continuing to repay his loan ontime. Thank you from World Vision Micro and Manvel!
Thank you for supporting the small loan for Manvel Gevorgyan to improve his farming business. He invested his loan of $1,000 to prepare for planting seeds in the spring time so that he can grow high-quality produce.
Manvel has now repaid his loan in full. In addition to repaying his loan, Manvel has used his additional income to purchase food for the family and expand the current business.
Manvel's 3 children continue to study in school.
The loan Manvel received helped his business expand, and the profits he is earning create lasting improvements in his life. In the future, Manvel hopes to expand the current business and purchase livestock.
Thank you for your support of Manvel and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.