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Yon is from Cambodia. She needs a loan of $250 to purchase fertilizer and pesticide, and hire labor.
Yon makes a living by farming. She grows rice and seasonal crops, and raises pigs. The main challenge she faces is insufficient investment capital to improve her farm. At her current level of operation, her business is only marginally sustainable and she is unable to improve her family’s living conditions.
Yon is requesting a loan from World Vision so she can purchase fertilizer and pesticide, and hire the labor necessary to harvest her crops. With the additional income she will earn, she will be able to pay the school fees for her two children and provide nutritious meals for her family. In the future, Yon will continue to invest in her farm. She plans to expand her farmland and purchase more pigs.
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.
In Cambodia’s Prasath Ballang district, social services, infrastructure, and markets are poorly constructed or non-existent. Home to 8,000 families, nearly 95 percent of the residents rely on farming to meet their needs. Others are engaged in crafts or small business. Food shortages occur throughout the year.
World Vision established the Prasath Ballang Area Development Program in 1994. Accomplishments include helping families establish home gardens; teaching farmers new agricultural methods; educating residents on malaria prevention; providing scholarships to students to continue their education; and constructing wells and latrines. These changes have helped the Cambodian people to begin making improvements in their lives.
To help increase household productivity and income, World Vision seeks to provide small business loans for the benefit of poor entrepreneurs. The World Vision-affiliated VisionFund Cambodia microfinance institution does things like educate entrepreneurs about microfinance, disburse loans, and manage repayments. With these loans, borrowers are empowered to expand farming, or start and expand small businesses to generate income. As borrowers earn more money, they can provide their children with nutritious food and an education.
Yon Hing does not have any updates yet.