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Chhet is from Cambodia. She needs a loan of $50 to buy fertilizer, pesticides and farming tools.
Chhet is from Cambodia. She needs a loan of $50 to buy fertilizer, pesticides and farming tools.
Chhet, a mother of four, is a farmer who grows rice and vegetables for a living to support her family. She is struggling to pay for her children's education and, as a result, they might have to drop out of school. Chhet desires to increase her income by expanding her business but she lacks the financial capital she needs to purchase farming materials.
With a loan from World Vision Chhet will be able to buy fertilizer, pesticides, and farming tools. This will allow her to maximize her harvest and generate more income. With the additional profits she will be able to better provide for the basic needs of her family, send her children to school, and improve their living conditions. She hopes to buy a nice house for her family to live in.
In the future, Chhet plans to reinvest in her business so that she can enlarge her farmland.
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.
Thank you for empowering Chhet Bo with the opportunity to expand her farming business. With the $50 loan Chhet was able to buy fertilizer, pesticides and farming tools.
Chhet is on her way to repaying her small business loan, as she makes weekly payments of $1. Thanks to the profits she has earned, Chhet can afford to expand the current business and provide healthcare.
Chhet hopes to provide her children with a brighter future, and her 4 children continue to study in school.
Thank you for supporting hardworking entrepreneurs like Chhet and World Vision Micro!
