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Nak V

Nak is from Cambodia. She has 3 children. She needs a loan of $325 to purchase farming materials, fertilizer and pesticides.

Agriculture/Animals
Community:
Leuk Daek
Country:
Cambodia
other entrepreneurs here Cambodia

Summary

Nak is from Cambodia. She has 3 children. She needs a loan of $325 to purchase farming materials, fertilizer and pesticides.

  • Top Goals To purchase farming materials, fertilizer and pesticides...
  • Children Helped 3

Nak's Story

Nak Voerun is a mother of three children, she lives with her family in Banteay Meanchey Province. Nak works hard farming rice and other seasonal crops, to help provide for her family. At this time, Nak lacks the funds needed to help her maintain her farmland.

With a loan from World Vision, Nak will be able to purchase fertilizer, pesticides and materials needed to sustain her farm. She'll also be able to grow her farming business and generate more income. With the additional income, Nak will be able to provide for all of her family's daily needs and pay for her childrens education.

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Industry Info

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.

Nak's Community

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.

Nak's Mid Term Update December 13, 2012

Thank you for empowering Nak Voerun with the opportunity to expand her farming business. With the $325 loan Nak was able to purchase farming materials, fertilizer and pesticides.

Nak is on her way to repaying her small business loan, as she makes weekly payments of $6. Thanks to the profits she has earned, Nak can afford to purchase food for the animals, purchase fertilizer and start a new business.

Nak hopes to provide her children with a brighter future, and her 3 children continue to study in school.

Thank you for supporting hardworking entrepreneurs like Nak and World Vision Micro!

Nak's Final Update May 27, 2013

Thank you for supporting the small loan for Nak Voerun to improve her farming business. She invested her loan of $325 to purchase farming materials, fertilizer and pesticides.

Nak has now repaid her loan in full. In addition to repaying her loan, Nak has used her additional income to purchase food for her family, purchase fertilizer and do home repairs.

Nak's three children continue to study in school.

The loan Nak received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Nak hopes to start a new business, repair or expand their home and take out another loan.

Thank you for your support of Nak and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.

Total Amount
$325

Amount raised

$325
$325
100%

Help Nak

11 Donors

  • Pam
    June 26, 2012
    Contributed to 15 other loans
  • Melinda
    June 26, 2012
    Contributed to 18 other loans
  • Teresa
    June 26, 2012
    Contributed to 35 other loans
  • Norma Jean
    June 27, 2012
    Contributed to 23 other loans
  • Kimberley
    June 27, 2012
    Contributed to 10 other loans
  • Dawn
    June 27, 2012
    Contributed to 38 other loans
  • Roberta Hilda
    June 27, 2012
    Contributed to 36 other loans
  • Cathy
    June 28, 2012
    Contributed to 31 other loans
  • Pamela A
    June 28, 2012
    Contributed to 22 other loans
  • Cathy
    June 28, 2012
    Contributed to 33 other loans
  • Barbara
    June 28, 2012
    Contributed to 34 other loans

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