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Hamest G

Hamest is from Armenia. She has 2 children. She needs a loan of $1,025 to purchase additional livestock.

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

Summary

Hamest is from Armenia. She has 2 children. She needs a loan of $1,025 to purchase additional livestock.

  • Top Goals To purchase additional livestock
  • Children Helped 2

Hamest's Story

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.

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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.

Hamest'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.

Hamest's Mid Term Update January 01, 2013

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!

Hamest's Final Update July 05, 2014

Hamest Ghukasyan has successfully repaid her small business loan. She invested the $1,025 into her livestock business by purchasing additional cattle to raise and sell.

Thanks to the loan she received, Hamest was able to use the profits from her business to purchase food for her family and feed for her livestock.

In the future, Hamest aspires to earn enough to expand her current business and repair or expand her home.

Hamest's two children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.

Thank you for investing in the power of hardworking people, like Hamest, through World Vision Micro. These funds are now available to help other entrepreneurs in Hamest's community.

Total Amount
$1,025

Amount raised

$1,025
$1,025
100%

Help Hamest

14 Donors

  • Heather
    May 23, 2011
    Contributed to 36 other loans
  • Brandy
    May 23, 2011
    Contributed to 29 other loans
  • Cari
    May 23, 2011
    Contributed to 0 other loans
  • Abigail
    May 23, 2011
    Contributed to 7 other loans
  • Melinda H
    May 31, 2011
    Contributed to 9 other loans
  • Sharon
    June 06, 2011
    Contributed to 36 other loans
  • Carissa
    June 11, 2011
    Contributed to 0 other loans
  • Alycia
    June 14, 2011
    Contributed to 23 other loans
  • Michael
    June 27, 2011
    Contributed to 9 other loans
  • Kristy
    June 28, 2011
    Contributed to 3 other loans
  • Donald
    June 29, 2011
    Contributed to 8 other loans
  • Matthew
    July 01, 2011
    Contributed to 28 other loans
  • Jennifer
    July 02, 2011
    Contributed to 10 other loans
  • Paul
    July 02, 2011
    Contributed to 37 other loans

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