Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Rustam is from Armenia. He needs a loan of $1,475 to purchase photographic equipment and accessories.
Rustam earns his living by providing computer and photographic services. He also trades in disks and other technical accessories. There is a rising demand for photography services in Rustam's community, and he would like to meet the demand as well as improve the quality of the service that he provides.
With a loan from World Vision, Rustam will purchase new photographic equipment, as well as photographic accessories. He will be able to increase his working capital and further develop his business. Rustam lives together with his parents and three brothers. An increase in income will help him to secure a sustainable future for them.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs begin with stalls at markets or even at home and need a loan to expand or increase their inventory. Others may be ready to open a small store. Goods purchased from loan funds range from clothing, grocery or sundry items to jewelry, candy, perfume or health and beauty supplies. Loans in the commerce sector account for around 33% of our loans.
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Rustam Vanyan has successfully repaid his small business loan. He invested the $1,475 for his computer and photography services business.
Thanks to the loan that he received, Rustam was able to use the profits from his business to pay for transportation and expand his current business. In the future, Rustam aspires to earn enough to expand his current business and repair or expand their home.
Thank you for investing in the power of hardworking people like Rustam through World Vision! These funds are now available to help other entrepreneurs in Rustam's community.