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Khim is from Cambodia. She has 3 children. She needs a loan of $250 to cultivate dry season rice.
Khim is from Cambodia. She has 3 children. She needs a loan of $250 to cultivate dry season rice.
In addition to raising chickens and ducks, Khim grows rice and watermelon for a living to support her family. During the dry season, her crops lack the water they need to grow. Khim needs to irrigate her fields, but she lacks the capital to do so.
With a loan from World Vision Khim will be able to cultivate her fields during the dry season and produce enough crops to feed her family and to satisfy her customers. She plans to use the profits she earns to provide for the basic needs of her family and to reinvest in her business. Her future goal is to build a small store at a primary school to sell snacks.
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 Khim Hap with the opportunity to expand her farming business. With the $250 loan Khim was able to cultivate dry season rice.
Khim is on her way to repaying her small business loan, as she makes weekly payments of $5. Thanks to the profits she has earned, Khim can afford to purchase food for the family and purchase fertilizer.
Khim hopes to provide her children with a brighter future and her three children continue to study in school.
Thank you for supporting hardworking entrepreneurs like Khim and World Vision Micro!
Thank you for supporting Khim Hap’s farming business through World Vision Micro. Khim invested her small business loan of $250 to cultivate her rice fields during the dry season. She has made weekly payments of $5 and has now fully repaid her loan.
With the profits from her business, Khim decided to purchase food for the animals, purchase fertilizer and expand her current business. Khim’s goal for the future is to earn enough so that she can expand her current business and purchase livestock.
Khim’s three children remain in school. Because of your donation, Khim is able to provide a better future for her children.
Thank you for providing Khim with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.
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