Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
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Marine is from Armenia. She needs a loan of $1,200 to purchase clothes for resale.
Marine is from Armenia. She needs a loan of $1,200 to purchase clothes for resale.
Marine runs a clothing store. She likes to provide attractive and fashionable items for her customers. She would like to add to her variety to meet her clientele demand and draw new customers. With the help of this World Vision loan, Marine will increase her working capital to purchase more goods and expand her business.
Marine lives together with her parents and brother. In this economy, improvements in her business directly impacts her family’s living conditions.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs begin with stalls at markets or even at home and need a loan to expand or increase their inventory. Others may be ready to open a small store. Goods purchased from loan funds range from clothing, grocery or sundry items to jewelry, candy, perfume or health and beauty supplies. Loans in the commerce sector account for around 33% of our loans.
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 Marine Simonyan to expand her clothing and retail business. After receiving the loan from World Vision, she invested the $1,200 to purchase clothes to sell.
Marine has been repaying her loan on time with her new profits. She makes weekly payments of $18. In addition to repaying her loan, Marine is using additional income to purchase food for the family and expand the current business.
Thank you for supporting Marine and World Vision Micro!
Thank you for supporting Marine Simonyan’s clothing retail business through World Vision Micro. Marine invested her small business loan of $1,200 to purchase clothes for resale. She has made weekly payments of $18 and has now fully repaid her loan.
With the profits from her business, Marine decided to purchase food for her family and buy supplies in bulk. Marine’s goal for the future is to earn enough so that she can repair or expand their home and expand her current business.
Thank you for providing Marine with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.
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