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Varditer is from Armenia. She needs a loan of $1,000 to purchase calves and corn seeds.
Varditer is from Armenia. She needs a loan of $1,000 to purchase calves and corn seeds.
Varditer lives alone in Gyumri, Armenia. She is a farmer and would like to expand her agricultural and livestock business but she lacks the financial investments this requires. With a loan from World Vision Varditer would like to increase the size of her livestock herd, as well as to properly cultivate the land.
Varditer plans to purchase calves and corn seeds with her loan. Varditer hopes to successfully cultivate the land and develop her farm.
Development of agriculture will allow Varditer to improve her living conditions and provide for her basic needs.
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 Varditer Minasyan to expand her farming, food and livestock business. After receiving the loan from World Vision, she invested the $1,000 to purchase calves and corn seeds. Varditer has been repaying her loan on time with her new profits. She makes weekly payments of $12.
In addition to repaying her loan, Varditer is using additional income to purchase food for the family and expand the current business.
Thank you for supporting Varditer and World Vision Micro!
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