Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Artur is from Armenia. He has 1 child. He needs a loan of $1,000 to purchase goods for the shop.
Artur runs a grocery store in Armenia in order to support his family. Artur has plans to increase the variety of goods, but he doesn’t have sufficient financial means to do so without a loan.
With a loan from World Vision, Artur will increase his income and improve his family’s living conditions by purchasing additional goods for his shop so that he can satisfty the clients' demands.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs begin with stalls at markets or even at home and need a loan to expand or increase their inventory. Others may be ready to open a small store. Goods purchased from loan funds range from clothing, grocery or sundry items to jewelry, candy, perfume or health and beauty supplies. Loans in the commerce sector account for around 33% of our loans.
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 Artur Gevorgyan with the opportunity to expand his grocery store business. With the $1,000 loan Artur was able to purchase more variety of goods for his store.
Artur is on his way to repaying his small business loan, as he makes weekly payments of $6. Thanks to the profits he has earned, Artur can afford to purchase food for his family and expand his current business.
Thank you for supporting hardworking entrepreneurs like Artur and World Vision Micro!
Thank you for supporting the small loan for Artur Gevorgyan to improve his grocery store business. He invested his loan of $1,000 to purchase additional goods for his store.
Artur has now repaid his loan in full. In addition to repaying his loan, Artur has used his additional income to purchase food for his family and expand his current business.
Artur's child continues to study in school.
The loan Artur received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future, Artur hopes to expand his current business and take out another loan.
Thank you for your support of Artur and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.