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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 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.
Nil Vath does not have any updates yet.
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