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Kuon is from Cambodia. She needs a loan of $250 to purchase seed, fertilizer, pesticides and farming tools .
Kuon, the mother of four, grows rice and raises pigs. She is challenged by lack of funds to buy essential farming materials, such as: seeds, fertilizer, tools and pesticides.
A World Vision microloan will help her to access the farming materials she needs in order to have a high-yield harvest this growing season. She has also set a goal to purchase more farmland for higher productivity and profits.
The additional income will be used for her children's education, as well as to provide better living conditions for her family. Her community will benefit from the high-yield rice and the pigs she raises to take to market.
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.
Kuon So does not have any updates yet.