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Sarim is from Cambodia. She needs a loan of $250 to expand her chicken farm business.
Sarim Sem lives in the Kandal Province of Cambodia and tends her farm where she grows rice and raises chickens. With limited capital, she cannot feed her chickens adequately and keep them healthy, which limits their productivity and her family's profit.
A micro loan from World Vision can help Sarim invest in her chicken business, which will create more opportunities for profit and the expansion of her agricultural activities. She has aspirations to open a tailoring shop alongside her farm business, which will require capital that she could get from the extra profits of her current farming practices. All of these business ventures are a way for Sarim to pay back her micro loan, continue investing in her farm, and provide a better future for her children. She will be able to afford her children's education needs and support other family needs.
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.
Sarim Sem does not have any updates yet.