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Ruzanna is from Armenia. She has 3 children. She needs a loan of $1,150 to purchase potato and carrot seeds.
Ruzanna is from Armenia. She has 3 children. She needs a loan of $1,150 to purchase potato and carrot seeds.
Ruzanna Sargsyan of Gyumry, Armenia makes a living by raising livestock and growing vegetables. Since her husband passed away, it is difficult for Ruzanna to meet the daily needs of her three children. She does not make enough money to buy more seeds or tools to invest in her farm.
With a loan from World Vision, Ruzanna will purchase potato and carrot seeds. Her goal is to sell the vegetables for a profit and to use this additional income to provide her family with food and clothing.
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.
The community of Future with Faith is 75 miles north of Yerevan, the capital of Armenia. It is an urban area with poor infrastructure. It is made up of four neighborhoods and two villages. The area was built after the devastating earthquake back in 1988. People were brought there from different parts of the city and had no history of living together or caring for each other. They still remember their former homes and neighbors and they feel they haven’t been treated fairly by the government. People have lost hope and trust. Perceptions are connected with the change of generations and so the challenges remain of helping people to understand the reality.
In Future with Faith, World Vision is educating parents and teachers about children’s rights, renovating schools and supplying sports equipment and learning materials, and teaching children about personal hygiene and nutrition that helps to improve their health. Microfinance is helping people to establish their businesses and grow their clientele to stabilize their earnings and provide for their families.
Anna began selling gata, a traditional Armenian pastry, to help supplement her husband’s income. It was a slow and labor-intensive project but Anna was persistent. When she received her first loan, she rented a small space and purchased an oven. After repaying her first loan, she took out a second loan to purchase a mixer. Today, she has work for her three grown children and employs two women, one a single mother of three. A small loan can make a huge difference.
Thank you for supporting a small business loan for Ruzanna Sargsyan to expand her vegetable farm. After receiving the loan from World Vision, she invested the $1,150 to purchase potato and carrot seeds.
Ruzanna has been repaying her loan on time with her new profits. She makes weekly payments of $14.
In addition to repaying her loan, Ruzanna is using her income to pay her children's school fees, purchase fertilizer and buy seeds.
Ruzanna's three children continue to study in school.
Thank you for supporting Ruzanna and World Vision Micro!
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