Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Hermine is from Armenia. She has 2 children. She needs a loan of $1,000 to purchase livestock.
Hermine lives in Goris, Armenia with her family. Hermine earns her family's income from keeping livestock. But she doesn’t have enough financial means to meet her family’s daily needs.
With a loan from World Vision, Hermine will increase the livestock on the land and be able to develop agriculture. The additional income will also help Hermine to improve her family’s living. Hermine will most importantly be able to create a good foundation for her children’s future and promote the community's agriculture development.
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 Hermine Dallakyan to expand her farming and livestock business. After receiving the loan from World Vision, she invested the $1,000 to purchase livestock.
Hermine has been repaying her loan on time with her new profits. She makes weekly payments of $6.
In addition to repaying her loan, Hermine is using her additional income to purchase food for the animals and buy supplies in bulk. Hermine's 2 children continue to study in school.
Thank you for supporting Hermine and World Vision Micro!
Hermine Dallakyan has successfully repaid her small business loan. She invested the $1,000 for her agricultural business by purchasing additional livestock to raise and sell within her community.
Thanks to the loan she received, Hermine was able to use the profits from her business to purchase food for her family and purchase feed for her livestock.
In the future, Hermine aspires to earn enough to expand her current business and repair her home.
Hermine'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 Hermine, through World Vision Micro. These funds are now available to help other entrepreneurs in Hermine's community.