Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Ro is from Cambodia. She needs a loan of $500 to cultivate her cashew farm.
Ro Hin is a farmer who owns a three-hectare cashew farm and rice field. During the rainy season, she also mines for gold. She says, "I don't have money to hire labor to work on my farm. If I can't invest in the initial stage, I can't expect any yield from the farm." Currently, only one hectare of the land can be harvested as the rest has been planted with newly grown cashew trees.
When her harvests begin to yield cashews, Ro will be able to earn a greater income from her cashew farm. If she has enough money this season, she would like to grow cassava on her land as well so that she can make some money from that land while the young cashew trees are growing.
With the profits from her farm, Ro will save money for her children and other future needs. She intends to create additional jobs for the members of her local community by hiring labor to work on her farm. The loan that Ro has requested has a repayment term of 18 months.
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.
Sandan district, in Kampong Thom province, is located in the east. There is a history of heavy logging here. The logs fell and the money flowed. But when international pressure forced the Cambodian government to stop deforestation, the money dried up.
Now Cambodians in Sandan struggle. Forty percent of the population live below the international poverty line of $1.25 per day (UNICEF). Improvements are needed in social services, healthcare, schools, and roads. More than 38,000 people live in Sandan, most making a living through agriculture or small businesses, but they lack the infrastructure that would them grow more crops and put an end to chronic food shortage.
The Sandan Area Development Program was established by World Vision in 1995. World Vision has helped to construct irrigation projects, train farmers on new agricultural methods, build latrines, construct culverts, train teachers on new teaching methods, and instruct health agents on nutrition and vaccination regimes.
Ro used the loan to ease her difficulties by hiring a worker to help her work at the farm. She also used the loan to buy fertilizer and pesticides to protect and boost up her production.
Because of the loan, Ro has had enough capital to settle her family expenses and to send her children to school. If it is possible in the future, she would like to expand planting her cashew trees which will require more workers at her farm.
Ro is making her loan payments on time.
Thank you for supporting the small loan for Ro Hin to improve her farming and food business. She invested her loan of $500 to cultivate her cashew farm.
Ro has now repaid her loan in full. In addition to repaying her loan, Ro has used her additional income to purchase food for the family, expand her current business, and hire labor for her farm.
Ro's 5 children continue to study in school.
The loan Ro received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future Ro hopes to start a new business and expand her current business.
Thank you for your support of Ro and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.