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IFAD
in Armenia: voices from the field
© IFAD |
A cheese-making business flourishes in rural Armenia
A microcredit loan can make all the difference in transforming a failing small business into a flourishing one. A precarious enterprise run by a widowed mother of three in a remote, post-conflict community of Armenia has become a financially viable business, thanks to a microcredit loan provided through an IFAD-supported project. The business has also stimulated the local economy, providing small-scale dairy farmers with added income.
Source: IFAD
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One woman's business skills benefit the community
Lusik Harutinunyan trained and worked as a teacher before the collapse of the Soviet system and the civil war that followed. Like many other people who lived through these events, her life changed radically. She lost her job and her assets and was forced to abandon her profession and turn to farming to feed and support her family.
Source: IFAD
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| Statistics |
Projects: 5
Total cost:
US$154.5 million
Total loan amount:
US$64.2 million
Directly benefiting:
394,000 households
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| Contact information |
Mr Henning Pedersen
Country programme manager
IFAD
Via Paolo Di Dono, 44
00142 Rome, Italy
Tel: +39 0654592635
Fax: +39 0654593635
h.pedersen@ifad.org |
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