Total loan: $1,500


Gexanist village, Shirak region, , Armenia / Agriculture

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A loan helped to pay for a pig, fertilizer and feed for the livestock.

Hasmik's story

Hasmik is from Geghanist village where she lives with her big family of six: her parents-in-law, husband and three children.

Hasmik and her husband are teachers by profession, working in the local village school. Unfortunately, their salaries are not enough even to cover daily needs. Their main income comes from agricultural activities. The family keeps livestock (cows, calves, two pigs and hens) and they also grow wheat, potatoes, carrots, cheries, apples and pears.

Hasmik's husband takes the harvest to the market and earns income for the family by selling it. Lack of access to loan products, bad market conditions, and high costs make for a number of difficulties for people developing their businesses in the Shirak region, where Hasmik and her family live.

Shirak is considered a poor region, where the unemployment rate is very high and living standards are quite low. Hasmik's loan has been approved within the joint initiative between SEF and Kiva, which provides loans to the underserved population of Shirak region to help them access the market and earn a living.

Despite the bad socioeconomic conditions in the village, Hasmik says she wants to stay in her motherland and be an example for all the young families to work and develop their country.

Hasmik wants to purchase a pig, fertilizer and feed for the livestock.