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Loeu is from Cambodia. She has 2 children. She needs a loan of $325 to purchase farming tools, pigs and food stock.
Loeu is from Cambodia. She has 2 children. She needs a loan of $325 to purchase farming tools, pigs and food stock.
Loeu Moeurn is a mother of two children, she lives with her family in Banteay Meanchey Province. Loeu works hard farming rice, vegetables, raising pigs and operating her grocery store to help earn a living for her family. Loeu at this time lacks the funds needed to sustain her farming and grocery store business.
With a loan from World Vision, Loeu will be able to purchase more food stock for her store, more pigs and all she needs for her rice farming business. Because of the loan, she'll also be able to expand her businesses and generate more income. Loeu will also be able to provide better living conditions for her family, provide for their 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 Loeu Moeurn to expand her farming and livestock business where she farms. After receiving the loan from World Vision, she invested the $325 to purchase farming tools, pigs and food stock.
Loeu has been repaying her loan on time with her new profits. She makes weekly payments of $6.
In addition to repaying her loan, Loeu is using her additional income to purchase fertilizer, start a new business and do home repairs. Loeu's 2 children continue to study in school.
Thank you for supporting Loeu and World Vision Micro!
Loeu Moeurn has successfully repaid her small business loan. She invested the $325 for her farming and livestock business.
Thanks to the loan that she received, Loeu was able to use the profits from her business to purchase fertilizer, expand her current business and do home repairs. In the future, Loeu aspires to earn enough to repair or expand their home, expand her current business and take out another loan.
Loeu's two children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Thank you for investing in the power of hardworking people like Loeu through World Vision! These funds are now available to help other entrepreneurs in Loeu’s community.
