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Mao is from Cambodia. She needs a loan of $350 to hire people to help with the harvest.
Mao Vouern is a farmer in the Banteay Meanchey Province. Recently, the market price of her crops decreased so much that it is not worth harvesting and selling the crops. With the poor income she would earn from the harvest, she would not have enough money to pay workers to harvest her crops and to support her family.
With a loan from World Vision, Mao will be able to get her business back on track. She will have enough money to run her farm and to pay other basic daily expenses. She hopes to increase the size of her farm and to raise more pigs. The income increase will improve her family's living conditions and enable her to send her three children to school.
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.
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Thank you for supporting a small business loan for Mao Vouern to expand her farming and food business where she raises farming. After receiving the loan from World Vision, she invested the $350 to hire people to help with the harvest. Mao has been repaying her loan on time with her new profits. She makes weekly payments of $7.
In addition to repaying her loan, Mao is using additional income to purchase food for the family, purchase fertilizer and expand the current business. Mao's 3 children continue to study in school.
Thank you for supporting Mao and World Vision Micro!