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Hkin is from Cambodia. She has 5 children. She needs a loan of $500 to buy materials to repair her house where she sells Khmer Noodles.
Hkin is from Cambodia. She has 5 children. She needs a loan of $500 to buy materials to repair her house where she sells Khmer Noodles.
Hkin, the mother of five, farms rice and other crops. She also sells Khmer noodles from her home. She lacks money to support her children and business.
A World Vision micro loan will give her the capital she needs for some house repairs, where she sells her noodles. In the future, she hopes to have sufficient capital to support and expand her business to include raising livestock.
With her profits, Hkin's family will have better living conditions and she will keep reinvesting in her business.
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.
In Cambodia’s Prasath Ballang district, social services, infrastructure, and markets are poorly constructed or non-existent. Home to 8,000 families, nearly 95 percent of the residents rely on farming to meet their needs. Others are engaged in crafts or small business. Food shortages occur throughout the year.
World Vision established the Prasath Ballang Area Development Program in 1994. Accomplishments include helping families establish home gardens; teaching farmers new agricultural methods; educating residents on malaria prevention; providing scholarships to students to continue their education; and constructing wells and latrines. These changes have helped the Cambodian people to begin making improvements in their lives.
To help increase household productivity and income, World Vision seeks to provide small business loans for the benefit of poor entrepreneurs. The World Vision-affiliated VisionFund Cambodia microfinance institution does things like educate entrepreneurs about microfinance, disburse loans, and manage repayments. With these loans, borrowers are empowered to expand farming, or start and expand small businesses to generate income. As borrowers earn more money, they can provide their children with nutritious food and an education.
Thank you for empowering Hkin Khy with the opportunity to expand her farming business. With the $500 loan Hkin was able to buy materials to repair her house where she sells khmer noodles.
Hkin is on her way to repaying her small business loan, as she makes weekly payments of $6. Thanks to the profits she has earned, Hkin can afford to pay her children's school fees, start a new business and purchase equipment.
Hkin hopes to provide her children with a brighter future and her five children continue to study in school.
Thank you for supporting hardworking entrepreneurs like Hkin and World Vision Micro!
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