Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Levon is from Armenia. He has 1 child. He needs a loan of $1,450 to purchase tools.
Levon is in the construction trade. He renovates buildings and houses. He lives with and is responsible for his mother, brother, grandmother, wife and son.
He would like to provide higher quality services to his clients. He needs more finances to invest in improving the services he provides. With a loan from World Vision, Levon will purchase new tools needed for construction and renovation. By offering higher quality services, Levon will earn extra income to secure a sustainable life for his family. In the future, he dreams of starting his own company and providing more jobs in his community.
In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% of our loans.
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Thank you for supporting a small business loan for Levon Hayapetyan to expand his construction business. After receiving the loan from World Vision, he invested the $1,450 to purchase tools he needs for his business.
Levon has been repaying his loan on time with his new profits. He makes weekly payments of $9.
In addition to repaying his loan, Levon is using additional income to expand his current business and provide healthcare for his family.
Levon's child continues to study in school.
Thank you for supporting Levon and World Vision Micro!
Levon Hayapetyan has successfully repaid his small business loan. He invested the $1,450 for his services business.
Thanks to the loan that he received, Levon was able to use the profits from his business to pay for transportation and purchase food for the family. In the future, Levon aspires to earn enough to start a new business and expand the current business.
Levon's 1 child continues to study in school. Because he was able to invest in his business, he will be able to invest in his family.
Thank you for investing in the power of hardworking people. These funds are now available to help other entrepreneurs in Levon's community.