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Mariam is from Armenia. She has 2 children. She needs a loan of $1,175 to purchase livestock.
Mariam is from Armenia. She has 2 children. She needs a loan of $1,175 to purchase livestock.
Mariam Ivanyan lives in Gyumri, Armenia with her husband and two children. Her family’s main income comes from agriculture. They have a herd of cattle but the herd cannot bring in enough money for the family to make ends meet.
With the requested loan, Mariam will purchase livestock. Eventually, she will renovate her barn. With the increased income from the larger herd, Mariam will be able to provide her family with better living conditions.
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 Mariam Ivanyan to expand her farming and livestock business. After receiving the loan from World Vision, she invested the $1,175 to purchase livestock.
Mariam has been repaying her loan on time with her new profits. She makes weekly payments of $9.
In addition to repaying her loan, Mariam is using additional income to purchase food for her family and expand her current business.
Mariam's two children continue to study in school.
Thank you for supporting Mariam and World Vision Micro!
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