Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Soleang is from Cambodia. She needs a loan of $250 to buy cultivation materials such as rice, lotus .
Soleang is the mother of four. She grows rice, lotus and raises pigs. A recent drought destroyed her crops and depleted her money.
A World Vision micro loan will help Soleang replant her crops and have capital to further invest in the farm and help improve the local economy.
Her family would have better living conditions and her children would be able to go to school.
The Agriculture business sector covers all farming and livestock activities. Some entrepreneurs request loans to help in securing supplies and equipment. Others want to buy more animals to breed or purchase feed and medicines. The majority of our loan clients live in rural communities where agriculture is already understood as a business model. It is for this reason that approximately 50% of our loans are in the agricultural sector.
More than 56,000 people make their home in Cambodia’s Leuk Daek district. Located in Kandal province, improvements are needed in social services, healthcare, schools, and roads. Agriculture is the main source of family income, yet 37 percent of the population experiences food shortages for more than four months of the year.
World Vision established the Leuk Daek Area Development Program in 2000. Accomplishments include helping families establish home gardens, teaching farmers new agricultural methods, immunizing children, constructing calverts, and supporting a canal renovation. These changes have helped the Cambodian people to begin making improvements in their lives.
The World Vision-affiliated VisionFund Cambodia microfinance institution does things like educate entrepreneurs about microfinance, disburse loans, and manage repayments. This gives impoverished rural people a chance to back away from local moneylenders and begin sustainable employment opportunities.
Thank you for supporting a small business loan for Soleang Oeun to expand her farming business. After receiving the loan from World Vision, she invested the $250 to buy cultivation materials such as rice, lotus. Soleang has been repaying her loan on time with her new profits. She makes weekly payments of $4.
In addition to repaying her loan, Soleang is using additional income to pay school fees and purchase food for the family. Soleang's 2 children continue to study in school.
Thank you for supporting Soleang and World Vision Micro!