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Vardan is from Armenia. He needs a loan of $1,000 to purchase livestock.
Vardan is from Armenia. He needs a loan of $1,000 to purchase livestock.
Vardan Tunyan lives in Goris, Armenia with his wife and 2 children. Vardan is currently employed, but the salary is not enough for his children’s education.
With a loan from World Vision, Vardan can increase the livestock on his farm. He will purchase dairy cows with the loan. The income increase will contribute to a better life for his family and for the education of his children.
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 empowering Vardan Tunyan with the opportunity to expand his livestock business. With the $1,000 loan Vardan was able to purchase livestock.
Vardan is on his way to repaying his small business loan, as he makes weekly payments of $6. Thanks to the profits he has earned, Vardan can afford to purchase food for his family, pay for transportation and purchase forage.
Vardan hopes to provide his children with a brighter future and his two children continue to study in school.
Thank you for supporting hardworking entrepreneurs like Vardan and World Vision Micro!
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