New Income Opportunities for vulnerable Armenians

by Near East Foundation (NEF)
Jan 14, 2013

Funding Helps Agricultural Entrepreneurs Grow

In 2012, the Near East Foundation continued to support entrepreneurs and economic recovery in rural Armenia with the help of our local partners, Business Pareta and the Gegharkunik Chamber of Commerce and Industry. The entrepreneurs operate businesses ranging from retail shops to an expanding network of computer centers in rural villages.

We've also supported many agricultural entrepreneurs. Agriculture is an important source of income in Armenia. In recent years, it has been estimated that nearly half of the Armenian workforce is employed in agriculture.

Here are a few examples of rural Armenian entrepreneurs in the agricultural industry who received support in 2012 with the help of donors like you:

Viktor Badalyan is a beekeeper in the Vardenik Village, Gegharkunik Region. He launched his beekeeping business in 1992 and today it has grown to 100 families of bees. Not long ago, Viktor thought he would have to sell 20 of those families to pay for operational expenses. Losing the 20 families would mean a decrease in profits and hurt the business he has worked hard to grow. A loan from the project prevented him from having to sell the bees and is helping his business expand.

For four years, Hasmik Tirabyan has been breeding sheep on her land near Khashtarak Village, Tavush Region. She was able to increase her herd of 20 sheep by purchasing six additional sheep with a loan from the project. The added sheep increase both her production and income potential.

An entrepreneur who has been gardening since 2009, Vladimir Khocharyan cultivates 7.5 hectares near Vardenik Village, Gegharkunik Region. Within three years, he planted walnut trees on 7 of those hectares. He received a loan from the project, and is expanding his operation by planting apple, apricot, plum, and sweet cherry trees.    

Our investment in local entrepreneurs like these – in agriculture and in other industries – is supporting economic development in rural Armenia.

Your gift is helping entrepreneurs build strong businesses, create jobs, and contribute to the revitalization of their rural Armenian communities. Thank You! 



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Organization Information

Near East Foundation (NEF)

Location: Syracuse, NY - USA
Website: http:/​/​
Project Leader:
Sarah Peterson
Program Officer
New York, NY, New York United States

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