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Chen is from Cambodia. She needs a loan of $300 to purchase seeds, fertilizer, pesticides .
Chen, the mother of three, is a hardworking farmer who grows rice and vegetables. She also works as a laborer. She's challenged by lack of money and cannot plant vegetables on time in the growing season, because she does not have enough money to buy seeds and fertilizer.
A World Vision microloan will enable Chen to purchase fertilizer, seeds and pesticides, so she can have a high-yield crop and good profits when she goes to market. She plans to expand her farmland for even higher profits.
The additional income will improve her family's diet and living standards; she can send all of her children to school. She will be able to continue to keep her farm solvent and provide her community with high quality rice and vegetables.
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.
Chen Men does not have any updates yet.