A loan of $2,850 helped to purchase seeds and fertilizer.


Naira's story

Naira is from the village of Azatan in the Shirak region of Armenia. She is married with three children – a 15-year-old daughter and two sons (eight and ten years old). Naira is a trained nurse but due to difficult economic times, she has been farming for the past 20 years. Naira also helps her relatives with potatoes grown on the family farm. She is looking for a loan to purchase potato seeds and fertilizer. She expects this investment to increase the family income by 20%. She is pleased with the terms and conditions of microfinance. Naira is keeping her debt below 20% of her invested equity in the business. Naira dreams that her children will receive university educations.



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