Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Norn is from Cambodia. She needs a loan of $275 to buy fertilizer and seeds .
Norn Kuy owns a business growing rice. During the off-season, she also grows a variety of vegetables. She would like a World Vision loan to grow her vegetable business.
With the profits, Norn will be able to provide a better life for her family. She hopes to offer a variety of vegetables and increase the efficiency of her business. Norn sees her community being improved as she hopes to hire employees 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.
Nearly 70,000 people live in In Cambodia’s Phnom Sruoch district, one of the region’s poorest districts. Situated in an area of plateaus and mountains, approximately 90 percent of residents are subsistence farmers. Some people earn meager incomes selling rice, charcoal, firewood, or small animals that they have raised. But food shortages still occur four to five months per year. Social services, infrastructure and markets are poorly constructed or non-existent.
World Vision began the Phnom Sruoch Area Development Program in 2001. Accomplishments have included educating livestock farmers on animal health and treatment; establishing home gardens; teaching people about proper hygiene and sanitation to prevent illness; and drilling new wells and upgrading old ones. These changes have helped residents to improve 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.
Norn used her loan to invest in her farm. Her farm produced a good crop and she received a good income from it. Thanks to the loan that she received, Norn's farm yielded more crops and she earned a larger income. As a result, she hopes start another new business in the near future.
Norn has continued to make her repayments on time. She considers her business a success because she has increased her productivity and income.
She would like to thank the donors who provided her with a loan to invest in her business. Thank you for supporting Norn and World Vision Micro!
Thank you for supporting the small business loan for Norn Kuy to improve her farming and food business. She invested her loan of $275 by buying fertilizer and seeds.
Norn has now repaid her loan in full. In addition to repaying her loan, Norn has used her additional income to purchase food for the animals, food for the family, and provide healthcare. Norn's 1 child continuess to study in school.
The loan Norn received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Norn hopes to start a new business, take out another loan, and purchase livestock.
Thank you for your support of Norn and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.