Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Manvel is from Armenia. He has 2 children. He needs a loan of $1,000 to purchase cattle and seeds.
Manvel, a father of two from Gyumri, Armedia, has a farm where he keeps cattle and harvests crops. He currently lacks the capital he needs to expand the farm as he would like.
With a loan through World Vision, Manvel will be able to purchase cattle and seeds. He will then be able to increase his income and invest in the construction of a barn. Additional income created will allow him to insure a stable future for his sons and their family's future.
In the future, Manvel hopes to keep expanding his farm, be financially stable, and save for the future.
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 Manvel Papoyan to expand his farming and livestock business. After receiving the loan from World Vision, he invested the $1,000 to purchase cattle and seeds.
Manvel has been repaying his loan on time with his new profits. He makes weekly payments of $18.
In addition to repaying his loan, Manvel is using additional income to pay school fees and purchase food for the family. Manvel's twp children continue to study in school.
Thank you for supporting Manvel and World Vision Micro!
Thank you for supporting the small loan for Manvel Papoyan to improve his farming and livestock business. He invested his loan of $1,000 to purchase cattle and seeds.
Manvel has now repaid his loan in full. In addition to repaying his loan, Manvel has used his additional income to purchase food for his family, purchase fertilizer and purchase forage.
Manvel's two children continue to study in school.
The loan Manvel received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future Manvel hopes to expand his current business and purchase livestock.
Thank you for your support of Manvel and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.