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Koeun is from Cambodia. She has 5 children. She needs a loan of $275 to buy fertilizer and seed .
Koeun is from Cambodia. She has 5 children. She needs a loan of $275 to buy fertilizer and seed .
Koeun Som is a farmer, growing rice during the rainy season and vegetables during the dry season. She has been trying to increase the quantity of vegetables she grows and expand her business. With a World Vision loan, Koeun will be able to increase both the quantity and variety of vegetables, meeting more customer demands.
She also hopes to save money to start other businesses. Koeun hopes to improve the quality of life for herself and her family and grow her business even more.
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.
Koeun used her loan to invest in her vegetable farm. Thanks to the loan, she was able to purchase fertilizer and seeds, which increased her production. This then helped Koeun increase her income.
The loan has helped Koeun improver her family's living standards, as she now earns enough income to meet her family's needs.
Koeun is repaying her loan on time and has never been late. She would like to thank her donors for helping her improve her business. Because of the loan, her business has become more profitable and she has a better quality of life.
Thank you for supporting Koeun and World Vision Micro!
Thank you for supporting the small business loan for Koeun Som to improve her farming and food business. She invested her loan of $275 by buying fertilizer and seed.
Koeun has now repaid her loan in full. In addition to repaying her loan, Koeun has used her additional income to purchase food for the animals, fertilizer, and provide healthcare. Koeun's 5 children continue to study in school.
The loan Koeun received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Koeun hopes to send children to school and start a new business and take out another loan.
Koeun would like to thank all of her donors for their generosity. Thank you for your support of Koeun and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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