Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Phea is from Cambodia. She has 4 children. She needs a loan of $250 to purchase seeds, fertilizer and pigs.
Phea Khean is a mother of four children, she lives with her family in Kompung Thom Province. Phea works very hard at farming rice and cashew, along with raising pigs to help provide for her family. At this time, Phea lacks the funds needed to maintain her farmland and to purchase more pigs to raise.
With a loan from World Vision, Phea will be able to purchase seeds, fertilizer and pigs for her farm. Because of the loan, Phea will be able to grow healthy crops and pigs to sell to the local markets for profit. She'll also be able to grow her business and increase her income. With the additional income, Phea will be able to provide for all of her family's daily needs and make repairs to her 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.
Cambodia’s climate is subtropical. The dry season runs from November to May and the rainy season from May to November. Densely forested mountains surround large plains. The country continues to recover from 25 years of civil war and the brutal Khmer Rouge communist regime. One in every 236 Cambodians has lost a limb due to land mines. World Vision is helping to rid the country of land mines as well as provide skills training to the disabled.
One of the poorest districts in its province, Prasath Sambo is located in north-central Cambodia. While the land looks fertile, poor water systems make farming very difficult. Approximately 65 percent of people lack adequate food for four to six months annually, and others go hungry for the whole year. Nearly all villagers own their own rice field but their yields are low. The poorest families lack irrigation systems and so combined with droughts, poor farming knowledge, and a lack of rice seed, production is far below its potential. World Vision has stepped in to teach community members about growing home gardens and raising animals.
Educational opportunities are limited due to the cost of tuition and school books. Currently, 70 percent of Cambodia’s 14 million people are under 30 years old. This young generation faces various challenges. With some children leaving school to help with farming, it has become more important to offer educational opportunities, like vocational training. World Vision assists families with small loans to begin businesses that provide families with income to send their children to school.
Thank you for empowering Phea Khean with the opportunity to expand her farming and livestock business. With the $250 loan Phea was able to purchase seeds, fertilizer and more pigs.
Phea is on her way to repaying her small business loan, as she makes weekly payments of $5. Thanks to the profits she has earned, Phea can afford to purchase her children's school supplies, pay for transportation and do home repairs.
Phea hopes to provide her children with a brighter future and her four children continue to study in school.
Thank you for supporting hardworking entrepreneurs like Phea and World Vision Micro!
Thank you for supporting the small loan for Phea Khean to improve her farming and livestock business. She invested her loan of $250 to purchase seeds, fertilizer and more pigs to raise.
Phea has now repaid her loan in full. In addition to repaying her loan, Phea has used her additional income to provide her family with healthcare and purchase fertilizer for her crops.
Phea's four children continue to study in school.
The loan Phea received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Phea hopes to take out another loan and repair or expand their home.
Thank you for your support of Phea and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.