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Sovan K

Sovan is from Cambodia. She has 6 children. She needs a loan of $250 to buy seed, fertilizer, pesticides and fishing material.

Agriculture/Animals
Community:
Leuk Daek
Country:
Cambodia
other entrepreneurs here Cambodia

Summary

Sovan is from Cambodia. She has 6 children. She needs a loan of $250 to buy seed, fertilizer, pesticides and fishing material.

  • Top Goals To buy seed, fertilizer, pesticides and fishing material...
  • Children Helped 6

Sovan's Story

Sovan, the mother of six, is a hardworking farmer who grows seasonal vegetables and also fishes. She lacks money to buy seed and fertilizer for a high yield harvest. She earns very little income from her fishing. Some of her children might have to drop out of school and look for a job in the city. However, she believes that if she receives a loan, she can keep the children in school and reinvest in her farm and fishing business.

A World Vision microloan will enable Sovan to buy seed, fertilizer, pesticide and fishing materials. She will be able to earn good profits at market by providing quality vegetable and rice products. She wants to expand her fishing business for additional profitabilty.

The additional income will allow Sovan to improve her family's living conditions, buy more food and keep her children in school where they can continue their studies. Any savings will go toward purchasing more fishing materials so she can move forward with her expansion plans.

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Industry Info

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.

Sovan's Community

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.

Sovan's Mid Term Update December 22, 2012

Thank you for supporting a small business loan for Sovan Ket to expand her farming business. After receiving the loan from World Vision, she invested the $250 to buy seed, fertilizer, pesticides and fishing material.

Sovan has been repaying her loan on time with her new profits. She makes weekly payments of $5.

In addition to repaying her loan, Sovan is using additional income to pay her children's school fees, pay for transportation and expand her current business.

Sovan's six children continue to study in school.

Thank you for supporting Sovan and World Vision Micro!

Sovan's Final Update June 08, 2013

Thank you for supporting the small loan for Sovan Ket to improve her farming and fishing business. She invested her loan of $250 to buy seed, fertilizer, pesticides and fishing material.

Sovan has now repaid her loan in full. In addition to repaying her loan, Sovan has used her additional income to purchase her children's school supplies, purchase fertilizer and expand her current business.

Sovan's six children continue to study in school.

The loan Sovan received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Sovan hopes to send her children to school, expand her current business and purchase livestock.

Thank you for your support of Sovan and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.

Total Amount
$250

Amount raised

$250
$250
100%

Help Sovan

3 Donors

  • Michael
    June 22, 2012
    Contributed to 46 other loans
  • Alysha
    July 03, 2012
    Contributed to 10 other loans
  • Don
    July 07, 2012
    Contributed to 289 other loans

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