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Khon is from Cambodia. She has 3 children. She needs a loan of $250 to purchase essential farming supplies.
In order to support her family, Khon grows a number of crops on her farm, one of which is rice. Her greatest challenge at this point is the lack of capital she has to reinvest in her business while still meeting her family's basic needs.
With a loan from World Vision, Khon will be able to purchase the essential items she needs to boost her farm's output this season. With a greater harvest yield, she will be able to bring in more sales and increase her customer base. She hopes that this boost will help her expand her farm so that one day she can also increase the amount of land on which she can farm. She hopes that this land expansion will allow her to hire at least one other from her community to help her run the farm.
With her additional income, Khon will be able to improve her family's living conditions and support their daily diet. And it is especially important for her to focus on her three children's futures. Therefore, this extra income will also go towards covering educational expenses so that she can send all of them 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.
Cambodia’s climate is subtropical. The dry season runs from November to May and the rainy season from May to November. Densely forested mountains surround large plains. The country continues to recover from 25 years of civil war and the brutal Khmer Rouge communist regime. One in every 236 Cambodians has lost a limb due to land mines. World Vision is helping to rid the country of land mines as well as provide skills training to the disabled.
One of the poorest districts in its province, Prasath Sambo is located in north-central Cambodia. While the land looks fertile, poor water systems make farming very difficult. Approximately 65 percent of people lack adequate food for four to six months annually, and others go hungry for the whole year. Nearly all villagers own their own rice field but their yields are low. The poorest families lack irrigation systems and so combined with droughts, poor farming knowledge, and a lack of rice seed, production is far below its potential. World Vision has stepped in to teach community members about growing home gardens and raising animals.
Educational opportunities are limited due to the cost of tuition and school books. Currently, 70 percent of Cambodia’s 14 million people are under 30 years old. This young generation faces various challenges. With some children leaving school to help with farming, it has become more important to offer educational opportunities, like vocational training. World Vision assists families with small loans to begin businesses that provide families with income to send their children to school.
Thank you for supporting a small business loan for Khon Sat to expand her farming and food business. After receiving the loan from World Vision, she invested the $250 to purchase essential farming supplies.
Khon has been repaying her loan on time with her new profits. She makes weekly payments of $5.
In addition to repaying her loan, Khon is using additional income to purchase food for the family, purchase fertilizer and expand the current business. Khon's three children continue to study in school.
Thank you for supporting Khon and World Vision Micro!
Khon Sat has successfully repaid her small business loan. She invested the $250 for her agriculture/animals business.
Thanks to the loan that she received, Khon was able to use the profits from her business to purchase fertilizer, expand her current business and purchase equipment. In the future, Khon aspires to earn enough to add employees, expand her current business and take out another loan.
Khon's three children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Thank you for investing in the power of hardworking people like Khon through World Vision! These funds are now available to help other entrepreneurs in Khon’s community.