Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Tev is from Cambodia. She has 2 children. She needs a loan of $325 to purchase poultry, farming materials, fertilizer and pesticides.
Tev Phoun is a mother of two children, she lives with her family in Banteay Meanchey Province. Tev works hard farming rice, potatoes and growing poultry to help earn a living for her family. Tev at this time lacks the funds needed to sustain her farming and poultry business.
With a loan from World Vision, Tev will be able to purchase more poultry, fertilizer, pesticides and farming materials needed to help cultivate her farmland. She'll be able to grow healhty poultry and crops to sell for profit within her community. Tev will also be able to enlarge her farmland and generate more income. With the additional income, Tev will be able to provide for her family's daily needs and pay for her childrens education.
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 supporting a small business loan for Tev Phoun to expand her farming business. After receiving the loan from World Vision, she invested the $325 to purchase poultry, farming materials, fertilizer and pesticides.
Tev has been repaying her loan on time with her new profits. She makes weekly payments of $7.
In addition to repaying her loan, Tev is using her income to purchase food for her family, buy fertilizer and expand the current business.
Tev's two children continue to study in school.
Thank you for supporting Tev and World Vision Micro!