EFSE success stories. Alla Davtyan and Mikael Hovhannisyan: a small family with big achievementsThe couple breeds cattle, pigs, hens and ducks, and at the first sight taking care of the whole livestock farm seems quite impossible. Alla Davtyan, her husband Mikael Hovhannisyan and their little daughter moved to Masis village located near the town of Artashat in Ararat province of Armenia several years ago. They settled in a small construction next to an abandoned farm, the owner of which let them live and work there, and purchased a cow, marking the beginning of a new life. June 11, 2014 PanARMENIAN.Net - “This cow is symbolic for our small family, as everything started with it,” Hovhannisyan says, smiling. Currently, the household consists of several constructions, each used for a specific purpose. The couple breeds cattle, pigs, hens and ducks, and at first sight taking care of the whole livestock farm seems quite impossible. “We are so busy during the day, that sometimes we don’t even notice how the night comes,” Davtyan agrees. “We usually do everything without outside help and don’t have any permanent employees but sometimes call a man to help us for some fee,” she adds. With the latest $2300 loan from ACBA-Credit Agricole Bank, the couple bought some bull-calves to enlarge the livestock.
“We have been cooperating with ACBA for many years and the terms they offered to us were the best, so we continue,” Davtyan says. The farm has many compartments, with each animal name written on a sticker. One of the stickers says Laz (a bus brand of a Ukraine-based plant) - the name was given to the pig for its overly long size. In a construction nearby, the family grows sprout barley to feed the cattle. “This 'dish' makes the milk extremely tasty,” Hovhannisyan says.
ACBA-Credit Agricole Bank, one of the Armenian partner lending institutions (PLI) of the European Fund for Southeast Europe (EFSE), is the leader in terms of loans provided in rural areas of the country. On average, the share of loans dedicated to the agricultural sector in the EFSE target region hardly exceeds 5%, according to the last year’s data. Whilst only 10% of the EFSE investment portfolio can be attributed to credit lines is channeled to agricultural/rural borrowers as well. This is even more significant as the EFSE, one of the largest funding sources for agricultural and rural business activities in the target markets, gives PLIs full flexibility in using MSE credit line funds across economic sectors. The project is sponsored by theEuropean Fund for Southeast Europe Lusine Mkrtumova / PanARMENIAN.Net Most popular in the section Armenia’s “useless” manpower Small and medium sized businesses weigh in on consequences of war Hybrid banknotes New markets opening for home-grown products More articles in this section 4 rules for business success An ultimate guide Reduction of personnel and tax collection growth State Revenue Committee changes its policy Countries and goods that boosted Armenian export in 2016 Record figures | U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement Blinken said it is an important step towards concluding a durable and dignified peace agreement. Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday. European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. |