Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Vardan is from Armenia. He needs a loan of $1,475 to purchase beehives.
Vardan is a beekeeper from Armenia who lives with his mother in order to support her in her old age. He started his business a few years ago and has been able to create a good client base to which he can sell his products.
However, in order to expand his business, Vardan needs the financial assistance from World Vision to invest in new beehives. With these new hives, he will be able to increase his working capital and develop his beekeeping methods so as to bring in more income.
The extra income from his new beehives will help Vardan's family to remain stable and improve their quality of life through increased daily food consumption and 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.
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Thank you for supporting the small loan for Vardan Stepanyan to improve his beekeeping business. He invested his loan of $1,475 to purchase additional beehives.
Vardan has now repaid his loan in full. In addition to repaying his loan, Vardan has used his additional income to provide healthcare, purchase food for his family, and expand his current business.
The loan Vardan received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future, Vardan hopes to start a new business and expand his current business.
Thank you for your support of Vardan and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.