Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Vorn is from Cambodia. She needs a loan of $225 to buy seed, fertilizer, pesticide, and raise animals.
Vorn would like to start a business growing rice and raising oxen in order to plow her farmland. Vorn has had a difficult time obtaining capital in order to start her business.
A loan with World Vision will allow her to buy farming materials, animals, and eventually more farmland to expand her business.
With her increased income, Vorn will be able to send her children to school, give them a healthy meal, and have her aging house repaired.
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 Vorn Poen with the opportunity to expand her farming business. With the $225 loan Vorn was able to buy seed and fertilizer.
Vorn is on her way to repaying her small business loan, as she makes weekly payments of $4. Thanks to the profits she has earned, Vorn can afford to purchase food for her family, expand her current business and provide healthcare for her family.
Vorn hopes to provide her children with a brighter future and her three children continue to study in school.
Thank you for supporting hardworking entrepreneurs like Vorn and World Vision Micro!