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Ing is from Cambodia. She needs a loan of $350 to grow cassava, cashew nuts and to raise pigs.
Ing Prim is a peasant farmer. Her income is generated by growing cashew nuts and cassava and by raising pigs. Cassava and cashew nuts are in high demand at the market. However, Ing does not have the capital needed to expand her business and to take the opportunity to increase her income. She is unable to borrow from the local money lender because the interest rate is too high and beyond her ability to pay.
With a loan from World Vision, Ing has the ability to improve her business and to meet more of the market's demand for cassava and cashew nuts. She will expand her cassava farm and raise more pigs to earn a higher income. She aims to increase her income enough that she can afford to send her two children to school regularly and to improve her family's living conditions.
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.
Ing Prim does not have any updates yet.