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Kuon is from Cambodia. She has 6 children. She needs a loan of $350 to buy fertilizer.
Kuon Hun grows rice and raises chicken and ducks. Also, she and her daughters earn extra money by working for other members of the community. Kuon is a widow and has to work to support 6 children. When she is sick, she is unable to bring in enough money to support them. Her children are unable to go to school because of the family's financial situation.
With a loan, Kuon will be able to improve her farm and her family's living conditions. Her ability to save money will increase. When her children have grown up, she hopes to buy some rice fields so that they can also become farmers and to open a shop for her youngest daughter. She wants each of her children to have a business and to make a good living. Above all, her family will rise out of poverty.
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.
There is no community update available at this time.
Thank you for supporting a small business loan for Kuon Hun to expand her farming and livestock business. After receiving the loan from World Vision, she invested the $350 to buy fertilizer. Kuon has been repaying her loan on time with her new profits. She makes weekly payments of $8.
In addition to repaying her loan, Kuon is using additional income to purchase food for the animals, purchase fertilizer and expand the current business. Kuon's 6 children continue to study in school.
Thank you for supporting Kuon and World Vision Micro!
Kuon Hun has successfully repaid her small business loan. She invested the $350 for her farming and livestock business.
Thanks to the loan that she received, Kuon was able to use the profits from her business to purchase food for the animals, purchase food for her family and expand her current business. In the future, Kuon aspires to earn enough to expand her current business and purchase more livestock.
Kuon's six 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 Kuon through World Vision! These funds are now available to help other entrepreneurs in Kuon’s community.