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Hai is from Cambodia. He needs a loan of $200 to purchase fertilizer and farming tools .
Hai is from Cambodia. He needs a loan of $200 to purchase fertilizer and farming tools .
Hai Pech lives in Kandal Province, where he works very hard farming rice and selling honey to help earn a living for hiimself. At this time Hai lacks the funds needed to purchase farming tools and fertilizer to help him maintain, cultivate and grow his farmland.
With a loan from World Vision, Hai will be able to purchase farming tools and fertilizer for his farmland. Because of the loan, Hai will be able to grow healthy crops of rice and produce more honey to sell for profit. He'll also be able to grow his business and generate more income. With the additional income, Hai will be able to provide for all of his daily needs and make repairs to his home.
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 Hai Pech to expand his farming business. After receiving the loan from World Vision, he invested the $200 to purchase fertilizer and farming tools.
Hai has been repaying his loan on time with his new profits. He makes weekly payments of $3.
In addition to repaying his loan, Hai is using additional income to maintain or repair equipment and purchase food for his family.
Thank you for supporting Hai and World Vision Micro!
