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Mady is from Cambodia. She has 2 children. She needs a loan of $250 to purchase seed, fertilizer, and farming tools.
Mady is from Cambodia. She has 2 children. She needs a loan of $250 to purchase seed, fertilizer, and farming tools.
Mady makes a living for her family by farming. She grows rice, corn, cashews, and mangoes. Her farm is only marginally sustainable because she does not have the capital to purchase the things she needs to make her business profitable. Her goal is to improve living conditions for her family by investing in and expanding her farm.
Mady is requesting a loan from World Vision so she can purchase fertilizer, seed, and the farming tools she needs to have a successful farm. With the additional income she will earn from these improvements, she will be able to provide healthy meals for her family and pay the school fees for her two children. In the future, Mady plans to continue to invest in her farm and to eventually start a new business.
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.
Thank you for supporting a small business loan for Mady Norn to expand her farming and food business.
She invested her loan of $250 to purchase seeds, fertilizer, and farming tools.
Unfortunately, Mady has been struggling to repay her loan on time due to a death in the family and a difficult relocation. She should be making weekly payments of $5.
We are continuing to work with Mady to help her reestablish her business and repay her loan successfully.
Please pray for Mady and her family during this difficult time.
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