Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Ashot is from Armenia. He needs a loan of $1,000 to purchase additional calves and hay.
Ashot is a farmer and a rancher in Cambodia. He wants to expand his business by continuing to cultivate the land and increasing the amount of livestock he owns.
A loan from World Vision will allow Ashot to buy additional livestock to expand his ranch. Ashot will purchase additional calves so that his herd numbers can grow steadily. He will also use the money to purchase additional hay in order to feed his current and new livestock. The increased size of his herd will allow Ashot to bring in more income for his family. He hopes that this will help him raise his children in better living conditions.
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 empowering Ashot Shahbazyan with the opportunity to expand his livestock business. With the $1,000 loan Ashot was able to purchase additional calves and hay.
Ashot is on his way to repaying his small business loan, as he makes weekly payments of $6. Thanks to the profits he has earned, Ashot can afford to purchase food for the animals and buy supplies in bulk.
Ashot hopes to provide his child with a brighter future and his child continues to study in school.
Thank you for supporting hardworking entrepreneurs like Ashot and World Vision Micro!