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Poung M

Poung is from Cambodia. She has 2 children. She needs a loan of $250 to purchase seed, fertilizer, farming tools and pigs.

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

Summary

Poung is from Cambodia. She has 2 children. She needs a loan of $250 to purchase seed, fertilizer, farming tools and pigs.

  • Top Goals To purchase seed, fertilizer, farming tools and pigs...
  • Children Helped 2

Poung's Story

Poung supports her family by farming. She grows rice and raises pigs. At her current level of operation, her farm is only marginally sustainable and she lacks the necessary capital to invest in expansion. Her goal is to make her farm more profitable so she can improve living conditions for her family.

A loan from World Vision will allow Poung to purchase seed, fertilizer, farming tools and pigs. With the additional income she will earn from these improvements, she will be able to provide nutritious meals for her family and pay school fees for her two children. In the future, Poung plans to purchase more farmland and rise a larger number of pigs.

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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.

Poung'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.

Poung's Final Update September 23, 2013

Thank you for supporting the small loan for Poung Me to improve her farming and livestock business. She invested her loan of $250 to purchase seed, fertilizer, farming tools and pigs.

Poung has now repaid her loan in full. In addition to repaying her loan, Poung has used her additional income to provide healthcare, purchase food for her family and expand her current business.

Poung's two children continue to study in school.

The loan Poung received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Poung hopes to start a new business, further expand her current business and take out another loan.

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

Total Amount
$250

Amount raised & matched

$250
$150
$100
100%

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3 Donors

  • Darla
    September 23, 2012
    Contributed to 1 other loans
  • Jimmy
    September 23, 2012
    Contributed to 5 other loans
  • Kevin
    September 24, 2012
    Contributed to 0 other loans

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