Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
READ MORE…
Hon is from Cambodia. She needs a loan of $250 to cultivate dry season rice.
Hon is from Cambodia. She needs a loan of $250 to cultivate dry season rice.
In addition to selling snacks, Hon grows rice and watermelon for a living to support her family. During the dry season, her crops lack the water they need to grow. Hon needs to irrigate her fields, but she lacks the capital to do so.
With a loan from World Vision Hon 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 reinvest in her business and to provide for the basic needs of her family. Specifically she will be able to send her two children to school. In the future she hopes to open a small grocery store.
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 Hon Horn with the opportunity to expand her farming business. With the $250 loan Hon was able to cultivate dry season rice.
Hon is on her way to repaying her small business loan, as she makes weekly payments of $5. Thanks to the profits she has earned, Hon can afford to purchase food for the animals, purchase food for the family and purchase fertilizer.
Hon hopes to provide her children with a brighter future and her two children continue to study in school.
Thank you for supporting hardworking entrepreneurs like Hon and World Vision Micro!
Hon Horn has successfully repaid her small business loan. She invested the $250 for her farming business.
Thanks to the loan that she received, Hon was able to use the profits from her business to purchase food for the animals, purchase fertilizer and expand her current business. In the future, Hon aspires to earn enough to expand her current business and purchase livestock.
Hon's two 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 Hon through World Vision! These funds are now available to help other entrepreneurs in Hon’s community.
