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Anna is from Armenia. She needs a loan of $2,000 to purchase fuel and livestock.
Anna is from Armenia. She needs a loan of $2,000 to purchase fuel and livestock.
Anna Hakobyan is engaged in agriculture in the town of Tandzaver village, Armenia in order to support her family. Agriculture is the family’s main source of income, but it is not enough to meet their daily needs. Anna lives with her parents, sister, and brother.
With the loan from World Vision’s help, Anna will develop the agriculture of her land. She will purchase fuel and livestock that she can then resell for additional income. Farm development will help Anna improve her family’s living conditions. This is also very important for community’s agricultural 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 Anna Hakobyan to expand her farming and livestock business. After receiving the loan from World Vision, she invested the $2,000 to purchase fuel and livestock.
Anna has been repaying her loan on time with her new profits. She makes weekly payments of $19.
In addition to repaying her loan, Anna is using additional income to purchase food for the family and expand the current business.
Thank you for supporting Anna and World Vision Micro!
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