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Srey is from Cambodia. She needs a loan of $125 to buy fertilizer, pesticides and piglets.
A mother of two, Srey is a farmer who grows rice and raises piglets for a living to support her family. She also works as a laborer to bring in extra income. Srey earns very little from her work and would like to expand her business and hire labor to harvest her crops before the rainy season, but lacks the financial capital she needs to do so.
A loan from World Vision will enable Srey to have more access to needed farming materials. She will be able to buy fertilizer and pesticides for her rice field as well as more piglets to raise. With the additional income, Srey will be able to improve her family's living conditions and save for her children's education.
In the future Srey plans to continue expanding her business by enlarging her farmland and raising more piglets.
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.
Srey Chea does not have any updates yet.