Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
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Haykanush is from Armenia. She needs a loan of $1,025 to purchase supplies.
Haykanush is from Armenia. She needs a loan of $1,025 to purchase supplies.
Haykanush Baghinyan is from Gyumri where she raises livestock and cultivates land. She works hard in her family’s agriculture business, but in this economy it produces barely enough to cover their daily costs. With help form this World Vision loan, she will be able to purchase feed for the animal and fertilizer for her land. This would enable her to expand their production.
Haykanush wants to improve her family’s living conditions and quality of life. All of her income goes towards providing for their daily needs. She lives together with her husband and also supports her mother-in-law. Her daughter and son are both in the army now. Th extra income would also allow her to send them money and supplies from time to time.
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 Haykanush Baghinyan to expand her farming and livestock business. After receiving the loan from World Vision, she invested the $1,025 to purchase supplies.
Haykanush has been repaying her loan on time with her new profits. She makes weekly payments of $9.
In addition to repaying her loan, Haykanush is using additional income to purchase fertilizer, pay for transportation and expand her business. Haykanush's two children continue to study in school.
Thank you for supporting Haykanush and World Vision Micro!
