Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Thot is from Cambodia. She needs a loan of $175 to purchase farming essentials.
In order to provide a living for her family, Thot grows rice and cassava (a starchy tuber that can be eaten like a potato or as a processed item, such as flour or tapioca). In addition to farming she also sells clothes in order to supplement her income. However, her greatest challenge is her lack of capital to hire a worker to help speed up her plowing and planting process. Furthermore, she also needs help drying out her cassava before she can sell it.
With a loan from World Vision, Thot will be able to purchase farming essentials in order to free up some of her capital for use in the areas she needs them most. With this boost Thot will be able to increase her harvest sales and attract more customers. The resulting additional income will allow her to reinvest in her business and watch it grow. In the future she would like to increase the amount of land on which she farms in order to further increase her profits. She would like to take some of those profits and work on expanding her clothing shop as well.
With the additional income she will bring in from her expanded farming and clothes selling businesses, Thot will be able to improves her family's living conditions and balance out their daily diet. She is also planning to increase the savings she has started for her two children's educational expenses. She hopes that this important stepping stone will enable them to escape from poverty. She also hopes for the opportunity to make a contribution in the traditional ceremony they have in her community.
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.
There is no community update available at this time.
Thank you for supporting a small business loan for Thot Vath to expand her food business. After receiving the loan from World Vision, she invested the $175 to purchase farming essentials. Thot has been repaying her loan on time with her new profits. She makes weekly payments of $3.
In addition to repaying her loan, Thot is using additional income to purchase fertilizer and expand the current business. Thot's 2 children continue to study in school.
Thank you for supporting Thot and World Vision Micro!
Thank you for supporting Thot Vath’s rice and cassava farming business through World Vision Micro. Thot invested her small business loan of $175 to purchase farming essentials. She has made weekly payments of $3 and has now fully repaid her loan.
With the profits from her business, Thot decided to purchase fertilizer and expand her current business. Thot’s goal for the future is to earn enough so that she can send her children to school, repair or expand their home and expand her current business.
Thot’s two children remain in school. Because of your donation, Thot is able to provide a better future for her children.
Thank you for providing Thot with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.