Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Artur is from Armenia. He has 1 child. He needs a loan of $900 to purchase furniture and pay for the cafe's renovation.
Artur runs a little cafe in Meghri, a city in southern Armenia. He would like to improve the conditions of the cafe and increase the quality of its services but he lacks the financial capital to do so.
With a loan from World Vision Artur plans to purchase new furniture for his cafe as well as pay for needed renovations. This will help Artur to attract new clients and increase his business income. With the profits he earns, he will be able to better support his wife and daughter and improve their living conditions.
In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% of our loans.
There is no community update available at this time.
Thank you for supporting the small loan for Artur Martirosyan to improve his cafe business. He invested his loan of $900 to purchase furniture and pay for the cafe's renovation.
Artur has now repaid his loan in full. In addition to repaying his loan, Artur has used his additional income to purchase food for his family and provide them with healthcare.
Artur's child continues to study in school.
The loan Artur received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future, Artur hopes to expand his current business and repair or expand their home.
Thank you for your support of Artur and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.