Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Sy is from Cambodia. She needs a loan of $250 to expand her rice farm.
Sy is a mother of four from Kandal, Cambodia. She grows rice for her income, but currently lacks the capital needed to expand her business as she would like.
With a loan through World Vision, Sy will be able to expand her farm and increase her production yield. Additional income created will allow her to reinvest in her business and improve the living conditions for her family as the area struggles with a lack of jobs. She will also be able to pay school fees for her children.
In the future, Sy would like to buy more piglets to raise and continue expanding her farm.
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.
More than 56,000 people make their home in Cambodia’s Leuk Daek district. Located in Kandal province, improvements are needed in social services, healthcare, schools, and roads. Agriculture is the main source of family income, yet 37 percent of the population experiences food shortages for more than four months of the year.
World Vision established the Leuk Daek Area Development Program in 2000. Accomplishments include helping families establish home gardens, teaching farmers new agricultural methods, immunizing children, constructing calverts, and supporting a canal renovation. These changes have helped the Cambodian people to begin making improvements in their lives.
The World Vision-affiliated VisionFund Cambodia microfinance institution does things like educate entrepreneurs about microfinance, disburse loans, and manage repayments. This gives impoverished rural people a chance to back away from local moneylenders and begin sustainable employment opportunities.
Thank you for empowering Sy Rong with the opportunity to expand her farming business. With the $250 loan Sy was able to improve her rice farm.
Sy is on her way to repaying her small business loan, as she makes weekly payments of $4.
Thanks to the profits she has earned, Sy can afford to provide food and healthcare for her family and purchase equipment.
Sy's four children continue to study in school. She hopes to provide her family with a brighter future.
Thank you for supporting hardworking entrepreneurs like Sy and World Vision Micro!