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Nil is from Cambodia. She has 3 children. She needs a loan of $350 to grow cassava and to raise pigs.
Nil Vath is a peasant farmer living in the Kampung Thom Province. She generates income by growing cassava. To earn extra cash, she raises pigs. There is high demand for cassava at the market but Nil does not have the capital to invest in expanding her farm. Without a loan, she will not have the opportunity to increase her income. She would turn to the local money lender but the interest rate is too high and beyond her ability to pay.
A loan from World Vision will provide Nil with the ability and the chance to improve her business. She will expand her cassava farm and raise more pigs. She aims to increase her income enough that she can afford to send her children to school regularly. The loan will improve her family's living conditions and will help to improve the village's economy overall.
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 Nil Vath with a small loan for her farming and livestock business. Nil used her loan of $350 to grow cassava and to buy pigs to raise and sell for profit. She continues to make weekly payments of $7 on time.
With the profits she has earned from her growing business, Nil is able to purchase food for her family and purchase equipment for her farm.
Nil's three children continue to study in school. Thanks to Nil's hard work, she will be able to provide a brighter future for her children.
Thank you for supporting Nil's small business through World Vision Micro!
Nil Vath has successfully repaid her small business loan. She invested the $350 for her farming and livestock business.
Thanks to the loan that she received, Nil was able to use the profits from her business to purchase food for the animals and purchase fertilizer for her crops. In the future, Nil aspires to earn enough to expand her current business and purchase more livestock.
Nil's child continues 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 Nil through World Vision! These funds are now available to help other entrepreneurs in Nil's community.