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Khern is from Cambodia. She has 6 children. She needs a loan of $250 to purchase seeds, fertilizer, pesticides .
Khern, the mother of six, is an industrious farmer who grows seasonal crops like rice, corn, cashews and other vegetables. She needs to buy fertilizer and pesticides for her crops, but she does not have enough money. Her children might have to drop out of school because she cannot afford the school fees.
A World Vision microloan will be spent on the fertilizer, seeds and pesticides she needs to produce a maximum harvest this growing season. She plans to enlarge her farmland in the future and raise more animals for additional income.
The additional income will not only help her children continue their studies, but she can also buy more nutritious food for her family; their living standards will improve substantially. Any savings will be reinvested in the farm to ensure it remains financially viable so she can support her large family and supply the local community with the crops and animals she raises.
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.
Khern Chhan does not have any updates yet.