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Vit is from Cambodia. She needs a loan of $200 to buy farming tools and hire labor.
Vit is from Cambodia. She needs a loan of $200 to buy farming tools and hire labor.
Vit lives in Battambong Province, Cambodia and supports her family of four children by growing rice and seasonal vegetables. However, she does not have enough money to buy fertilizer for her rice field. She also wants to hire labor to harvest her crops before the rainy season, otherwise it will be flooded and she will lose the crop.
With a loan from World Vision she will be able to buy the fertilizer she needs and hire labor to help with the harvest. Eventually she like to enlarge her farmland and send her children to school. She would also like to start a new business.
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 Vit Chay to expand her farming business. After receiving the loan from World Vision, she invested the $200 to buy farming tools and hire labor.
Vit has been repaying her loan on time with her new profits. She makes weekly payments of $4.
In addition to repaying her loan, Vit is using additional income to purchase food for her family, purchase fertilizer and expand her current business.
Vit's four children continue to study in school.
Thank you for supporting Vit and World Vision Micro!
