Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Nak is from Cambodia. She needs a loan of $250 to buy pigs .
Nak, the mother of five, farms and raises animals. She wants to sell her animals at a good price.
A World Vision micro loan will enable Nak to buy more pigs to raise and sell.
The added income will provide her family with more food, clothes and money for her business. More importantly, she will be able to send her children 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.
Nearly 70,000 people live in In Cambodia’s Phnom Sruoch district, one of the region’s poorest districts. Situated in an area of plateaus and mountains, approximately 90 percent of residents are subsistence farmers. Some people earn meager incomes selling rice, charcoal, firewood, or small animals that they have raised. But food shortages still occur four to five months per year. Social services, infrastructure and markets are poorly constructed or non-existent.
World Vision began the Phnom Sruoch Area Development Program in 2001. Accomplishments have included educating livestock farmers on animal health and treatment; establishing home gardens; teaching people about proper hygiene and sanitation to prevent illness; and drilling new wells and upgrading old ones. These changes have helped residents to improve 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 partnering with World Vision Micro to provide Nak Yoem with a small loan for her farming and livestock business. Nak used her loan of $250 to buy pigs. She continues to make weekly payments of $4 on time.
With the profits she has earned from her growing business, Nak is able to purchase fertilizer, expand the current business and purchase equipment.
Nak's 5 children continue to study in school. Thanks to Nak’s hard work, she will be able to provide a brighter future for her 5 children.
Thank you for supporting Nak's small business through World Vision Micro!