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Gayane is from Armenia. She needs a loan of $1,175 to purchase livestock and forage.
Gayane is from Armenia. She needs a loan of $1,175 to purchase livestock and forage.
Gayane Sumbulyan lives in Gyumri, Armenia. Her family consists of Gayane, her husband and two sons. The elder son and her husband often have to go abroad in search of work, leaving Gayane and her younger son alone.
Gayane keeps a herd of livestock and cultivate land. With a loan from World Vision, Gayane will purchase livestock and forage, and renovate her barn. Gayane’s goal is to improve her farm enough so that she can support the family with her income so that her husband and elder son do not have to go abroad in search of work.
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 empowering Gayane Sumbulyan with the opportunity to expand her farming and livestock business. With the $1,175 loan Gayane was able to purchase livestock and forage.
Gayane is on her way to repaying her small business loan, as she makes weekly payments of $9. Thanks to the profits she has earned, Gayane can afford to purchase food for the animals and expand her current business.
Gayane hopes to provide her children with a brighter future and her two children continue to study in school.
Thank you for supporting hardworking entrepreneurs like Gayane and World Vision Micro!
