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Karlos is from Armenia. He has 3 children. He needs a loan of $1,000 to purchase seeds, saplings, and fertilizer.
Karlos Mnatsakanyan keeps an orchard and cultivates his land in Meghry, Armenia. Karlos would like to cultivate more land and develop the agriculture of the land, which will require financial investments.
With the requested loan from World Vision, Karlos plans to purchase seeds, saplings, and fertilizer in order to continue the farms on the land. With the loan’s help Karlos will cultivate his current land and start cultivating new land.
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 partnering with World Vision Micro to provide Karlos Mnatsakanyan with a small loan for his farming and livestock business. Karlos used his loan of $1,000 to purchase seeds, saplings, and fertilizer. He continues to make weekly payments of $6 on time.
With the profits he has earned from his growing business, Karlos is able to buy supplies in bulk and expand his current business.
Karlos's three children continue to study in school. Thanks to Karlos’s hard work, he will be able to provide a brighter future for his children.
Thank you for supporting Karlos's small business through World Vision Micro!