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Hamest is from Armenia. She has 2 children. She needs a loan of $1,025 to purchase additional livestock.
Hamest Ghukasyan owns a business raising livestock. Currently, she is unable to meet her family’s needs with the livestock she has. Thus, Hamest has requested a loan from World Vision loan in order to purchase another cow, which will help her increase her profits.
With the increased profits she makes, Hamest will be able to better provide for her family, ensure her children receive a good education, and save money for the future.
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 Hamest Ghukasyan to expand her services and livestock business where she raises cows. After receiving the loan from World Vision, she invested the $1,025 to purchase additional livestock.
Hamest has been repaying her loan on time with her new profits. She makes weekly payments of $6.
In addition to repaying her loan, Hamest is using her additional income to purchase food for the family and expand the current business. Hamest's 2 children continue to study in school.
Thank you for supporting Hamest and World Vision Micro!