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Saroeurn is from Cambodia. He needs a loan of $250 to purchase fertilizer, pesticides and farming tools.
Saroeurn is from Cambodia. He needs a loan of $250 to purchase fertilizer, pesticides and farming tools.
Saroeurn Rin is a farmer who lives with his family in Battambong Province, where he works hard harvesting sweet potato and rice to earn a living for his family. Saroeurn at this time lacks the funds needed to purchase fertilizer, pesticides and farming tools to help maintain his farmland and continue with his business.
With a loan from World Vision, Saroeurn will be able to purchase the fertilizer, pesticides and farming tools he needs to continue to grow and cultivate his farmland. Because of the loan, he'll be able to grow healthy crops to sell for profit within his community. Saroeurn will also be able grow his business and increase his income. With the additional income, Saroeurn will be able to provide for his family's daily needs and their healthcare.
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 Saroeurn Rin to expand his farming business. After receiving the loan from World Vision, he invested the $250 to purchase fertilizer, pesticides and farming tools.
Saroeurn has been repaying his loan on time with his new profits. He makes weekly payments of $5.
In addition to repaying his loan, Saroeurn is using additional income to purchase food for his family, purchase school supplies and expand his current business.
Saroeurn's child continues to study in school.
Thank you for supporting Saroeurn and World Vision Micro!
