Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Tour is from Cambodia. He has 2 children. He needs a loan of $250 to buy fishing material and rice seedlings.
Tour, a father of two, grows rice and hunts for fish. He earns very little income from his everyday business and is unable to provide enough food for his dependents. So, he wants to grow more rice, which yields a higher income.
A World Vision microloan will help him to fulfill his urgent needs by purchasing fishing material and more rice seedlings for a higher crop yield to sell at his local market.
The additional income will help him to improve his living standards. He will have enough food for his family and his children can attend school. He will reinvest in his farm to continue cultivating rice to expand his rice yield.
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 Tour so he could expand his farming business. After receiving the loan from World Vision, he invested the funds by buying fishing material and rice seedlings.
Tour is proud to report that he has been repaying his loan on time with his new profits, to which he makes weekly payments of $5. In addition to repaying his loan, Tour is using additional income to purchase food for the family, expand the current business and start a new business.
Tour's 2 children continue to study in school and have hope for a brighter future.
Thank you for supporting Tour and World Vision Micro!