
![]() | Loan client: Hayk Davidyan Age: 46 (in January 2007) Location: Syunik, Armenia Family: Wife, Alvina, 43, two elderly parents, four sons, and one daughter (pictured below) Work history: When Armenia was a part of the former Soviet Union, Hayk worked on a collective farm. Now he owns a three-acre farm and leases an additional seven acres. Type of loan: Agricultural group loan Use of loans: • $250 in March 2003 for seeds, fruit trees, grape vines, and animal breeding • $350 in May 2004 to lease more land for farming and to build a winter storage room for farm produce Employees: four full-time and two seasonal workers Assets before loans: 15 sheep, one pig, one cow Assets after loans: 50 sheep, six pigs, several cows, fruit orchard, vineyard, storage room for farm produce Living standards: The increased income from the farming is covering school expenses for the three school-age children. Hayk’s parents now are receiving the medicine they need. Future plans: Expand the small family home, hire additional farm workers Perspective on enterprise: "People need to work to earn their living. When they rely on someone's help for a long time, they become dependent or even lazy. They lose their dignity. … These loans are the right thing for farmers like me. A farmer has to sell his crop in order to have some income, but before that he needs money to buy seeds, fertilizers, or fodder for the cattle." |
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