FA Microloans, A Snapshot

About Us

FA Microloans crowdfunding platform hosts zero interest Microcredit campaigns for low-income businesses in various coun-tries. We aim to bring affordable capital to qualified low-income businesses requiring

capital to reach sustainability. This book covers two of our borrowers, Anush and Lusine, who reached sustainability after re-ceiving Microcredit to make capital im-provements.

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Lusine Khamisyan

Lusine Khamisyan, Dry Fruit Production

Armavir, Armenia

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Anush Sahakyan

Anush Sahakyan, Lavash Production

Armavir, Armenia

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Partner in Armenia

The Children of Armenia Fund (COAF) is a non-profit, non-governmental organization that uses community-led approaches to reduce rural poverty, with a particular focus on children. Since the incep-tion of its programs in 2004, COAF has funded and implemented education, health, social, and eco-

nomic development programs serving more than 25,000 people in rural villages of Armenia. Each per-son impacted represents one of the more than one billion people living in poverty, and the methods used in Armenia can be replicated in other communi-ties, where children are most vulnerable.

The Children of Armenia Fund, COAF

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Ambassador John Heffern shows support for FA Microlans!

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Results!

FA Microloans and The Children of Arme-nia Fund partnered together to extend zero interest microcredit, also known as mi-croloans, in Armenia. FA Microloans pro-vided the first wave of microcredit over a

year ago and the resulting data is very promising. Lusine, a dry fruit processor, in Armavir, Armenia received a $2,000 USD (820,000AMD) microloan through FA Mi-croloans embedded microcredit program

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in August 2013. Anush Sahakyan, a lavash (Armenian bread) producer, in Armavir, Armenia received a $1,000 USD (410,730 AMD) Microloan in March 2014. This E-book is a visual medium demonstrating the impact of zero-interest microcredit on their businesses. Lusine Khamisyan finished her repayment in May 2015 with a hundred percent repayment rate, and Anush Sahakyan is currently making repayments on time. We are happy to report that both businesses have reached sustainability. In addition to farmer’s markets, Lusine has began selling her product in various hotels and plans to sell in supermarkets across Arme-nia. Anush has hired two-full time workers in her community and is seeking a bigger com-mercial space. Lusine and Anush both achieved sustainability with their businesses. Both borrowers were able to increase production and revenue by three times. Lusine’s mother, father and brother returned from Russia to help with her expanding business.

FA Microloans embedded microcredit program is client driven. Our program creates a chain of embeddedness between lenders, borrowers, and partners that allows for success stories like Lusine and Anush. We eliminate interest charged to the borrower by working with nonprofits. FA Microloans emphasizes positive externalities in place of interest. Our platform and lending strategy can be used to reach a larger quantity of borrowers and pro-vide affordable credit to borrowers in various countries.

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