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Vardan is from Armenia. He has 1 child. He needs a loan of $1,475 to purchase livestock.
Vardan, a father of one from Davit Bek, Armenia, is engaged in farming and agriculture. Agriculture is the family’s main source of income, but it is not enough to make ends meet. He currently does not have the capital needed to expand his business and generate more income as he would like. Vardan lives together with his wife and little daughter.
With a loan through World Vision, Vardan will be able to purchase more livestock to expand his farm and generate more income. Additional income created will allow him to reinvest in his business and provide for his family through meeting their daily needs.
In the future, Vardan hopes to keep expanding his business and be financially stable.
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.
There is no community update available at this time.
Thank you for supporting a small business loan for Vardan Harutyunyan to expand his farming and livestock business. After receiving the loan from World Vision, he invested the $1,475 to purchase livestock.
Vardan has been repaying his loan on time with his new profits. He makes weekly payments of $9.
In addition to repaying his loan, Vardan is using additional income to purchase fertilizer and pay for transportation.
Vardan's child continues to study in school.
Thank you for supporting Vardan and World Vision Micro!
Vardan Harutyunyan has successfully repaid his small business loan. He invested the $1,475 for his agriculture/animals business.
Thanks to the loan that he received, Vardan was able to use the profits from his business to purchase food for the animals and purchase food for the family. In the future, Vardan aspires to earn enough to expand the current business, purchase livestock and repair or expand their home.
Vardan'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 Vardan's community.