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Vilyam is from Armenia. He needs a loan of $1,550 to purchase livestock.
Vilyam Hovhannisyan lives in Sevakar, Armenia and makes a living by raising livestock and cultivating his land. Despite this work, his salary is too low to save any money that would allow him to invest in agricultural development.
With a loan from World Vision, Vilyam plans to purchase livestock. He hopes to increase his income in order to cover his family’s daily expenses such as food and clothing. Additional income will ensure that Vilyam can provide better living conditions for his family of four.
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 Vilyam Hovhannisyan with the opportunity to expand his agriculture business. With the $1,550 loan Vilyam was able to purchase livestock.
Vilyam is on his way to repaying his small business loan, as he makes weekly payments of $9. Thanks to the profits he has earned, Vilyam can afford to purchase food for the animals and pay for transportation.
Thank you for supporting hardworking entrepreneurs like Vilyam and World Vision Micro!