Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Sreymoa is from Cambodia. She needs a loan of $525 to buy fertilizer and seeds for her vegetable business.
Sreymao Phai owns a farming business, growing and selling rice and corn. She also sells vegetables at the market. Sreymao is in need of a World Vision loan, because of the lack of capital at the beginning of the harvest season.
By receiving this loan, Sreymao will be able to purchase her vegetables and sell them at the market. In addition, she will be able to increase her rice and corn harvest.
Sreymao will be able to save for and purchase a motorbike for her husband to help decrease his commuting costs, provide food and clothing for her family, and send her children to school. She hopes to purchase a space for a store at the market, and eventually become a middleman selling vegetables and mangos. She would also like to own more rice fields and oxen in the future.
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 Sreymoa Phai to expand her farming, food, and grocery business where she grows rice and vegetables. After receiving the loan from World Vision, she invested the $525 to buy fertilizer and seeds for her vegetable-selling business.
Sreymoa has been repaying her loan on time with her new profits. She makes weekly payments of $6. In addition to repaying her loan, Sreymoa is using the additional income to pay school fees, purchase food for the family, and expand the current business. Sreymoa's 2 children continue to study in school.
Thank you for supporting Sreymoa and World Vision Micro!
Thank you for supporting the business loan for Sreymoa Phai to improve her farming business. She invested her loan of $525 to buy fertilizer and seeds for her vegetable business.
Sreymoa has now repaid her loan in full.
In addition to repaying her loan, Sreymoa has used her income to provide food for her family, purchase fertilizer for her farm and buy equipment.
Sreymoa's child continues to study in school.
The loan Sreymoa received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Sreymoa hopes to expand her current business and take out another loan.
Thank you for your support of Sreymoa and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.