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Mouy is from Cambodia. She has 2 children. She needs a loan of $250 to buy seed, fertilizer, pesticides and hire labor.
Mouy is from Cambodia. She has 2 children. She needs a loan of $250 to buy seed, fertilizer, pesticides and hire labor.
Mouy, the mother of two, grows seasonal crops, such as rice, corn, peanuts and other crops. She is not able to buy fertilizer or pesticides to help her crops grow well throughout the year.
A World Vision microloan will enable her to buy seeds, fertilizer and pesticides she needs for her crops to have a maximum yield and good profits at market. She wants to enlarge her farmland and raise more animals, as well.
The additional income will enable her to increase her living standards and she can send her children to school. Any savings will be reinvested in her farm to continue getting high-yield crops and supply her local market with food staples they need. She also hopes to employ a community member to help her at harvest time.
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 supporting a small business loan for Mouy Vorn to expand her farming business. After receiving the loan from World Vision, she invested the $250 to buy seeds, fertilizer, pesticides and hire labor.
Mouy has been repaying her loan on time with her new profits. She makes weekly payments of $5.
In addition to repaying her loan, Mouy is using additional income to purchase food for her family, expand her current business and provide healthcare.
Mouy's two children continue to study in school.
Thank you for supporting Mouy and World Vision Micro!
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