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Gohar is from Armenia. She has 2 children. She needs a loan of $1,050 to purchase pigs, potatoes seeds, fertilizer and fuel.
Gohar Manukyan lives in Gyumri, Armenia and works several jobs to make a living. Besides working as a tailor, Gohar also raises pigs and grows potatoes. The income Gohar earns from these jobs is not enough to sustain her family, which includes her husband, son and daughter.
With a loan from World Vision, Gohar will develop her farm. She plans to purchase pigs, potato seeds, fertilizer and fuel, which she will invest in her farm to grow her profits. Additional income is very important for this family because, in the past, Gohar’s husband and son have had to leave Armenia to find work abroad. With the additional profits from the farm, Gohar hopes that her family can live together throughout the year, and she also expects that her improved economic situation will positively impact others in her community.
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.
Gohar used her loan to purchase more potato seeds. She has managed to cultivate the land and expects good harvest for fall. Gohar will successfully sell the harvest and increase her profit.
Gohar is making loan payments on time. Thank you for supporting Gohar and World Vision Micro!
Gohar Manukyan has successfully repaid her small business loan. She invested the $1,050 for her agriculture/animals business.
Thanks to the loan that she received, Gohar was able to use the profits from her business to purchase fertilizer and food for the animals. In the future, Gohar aspires to earn enough to repair or expand their home and expand the current business.
Gohar's 2 children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Gohar has repaid her loan in full, 100%. These loan funds are now available to help another worthy entrepreneur in her community. Thank you for supporting Gohar and World Vision Micro!