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Sama is from Cambodia. She has 1 child. She needs a loan of $250 to purchase seeds, fertilizer, and pesticides.
Sama, the mother of one, is hardworking and industrious. She grows rice, vegetables, raises animals and wants to expand her farm. She lives in an old and damaged house. She believes that she will gain more income from growing more rice and seasonal crops, but she does not have enough money to buy seeds and fertilizer to reach that goal.
She is seeking a World Vision microloan to give her the opportunity to grow more rice, purchase fertilizer and pesticides to guarantee an excellent yield this growing season.
The additional income will positively impact her family and allow her to fix her house, send her child to school, and provide enough food for the entire family. She will continue to reinvest any savings into the farm to ensure she can continue to deliver quality crops to her local market and that the farm will remain viable and a source of continued income.
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.
Sama Sea does not have any updates yet.