Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Kunthea is from Cambodia. She has 3 children. She needs a loan of $350 to purchase more pigs .
Kunthea Chhai is a mother, who lives in Kampung Thom Province with her family. She is a farmer who works hard at raising pigs and growing cassava.
With a loan from World Vision, Kunthea would be able to purchase more pigs to raise. Having more pigs will help her to grow her business.
With the additional income, Kunthea could provide better living conditions for her family, provide for their daily needs and pay for her childrens education, which will help them escape poverty.
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 partnering with World Vision Micro to provide Kunthea Chhai with a small loan for her farming and livestock business. Kunthea used her loan of $350 to purchase more pigs to raise. She continues to make weekly payments of $7 on time.
With the profits she has earned from her growing business, Kunthea is able to purchase food for her family and purchase farming equipment.
Kunthea's three children continue to study in school. Thanks to Kunthea's hard work, she will be able to provide a brighter future for her children.
Thank you for supporting Kunthea's small business through World Vision Micro!
Thank you for supporting the small loan for Kunthea Chhai to improve her farming and livestock business. She invested her loan of $350 to purchase more pigs to raise and sell for profit.
Kunthea has now repaid her loan in full. In addition to repaying her loan, Kunthea has used her additional income to purchase food for her family and purchase fertilizer for her crops.
Kunthea's three children continue to study in school.
The loan Kunthea received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Kunthea hopes to expand her current business and take out another loan.
Thank you for your support of Kunthea and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.