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Chhon is from Cambodia. She has 9 children. She needs a loan of $1,025 to pay for operating costs of rice growing and pig raising (she is from Koh Krolor ADP).
Chhon is from Cambodia. She has 9 children. She needs a loan of $1,025 to pay for operating costs of rice growing and pig raising (she is from Koh Krolor ADP).
Chhorn is a farmer who owns 10 hectares where she grows enough rice to feed her family. She also raises some pigs. She would like a loan to pay for seed, fertilizer, and labor so that she can grow more rice and sell the extra. As she grows her business, she dreams of creating jobs for her fellow villagers during harvest season.
With her profit, she can buy nutritious food for her family and send her children to school. She would reinvest in her business and save money to buy more land. Chhorn can keep her business growing and eventually grow rice in the dry season because is produces a higher yield than wet-season rice which she currently grows.
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.
Chhorn used the loan from World Vision to buy fertilizer and plow her rice field. She also used it to expand her pig raising business. With her loan, Chhorn has bought 4 pigs.
Chhorn continues to repay her loan on time and regularly. She has faced some challenges, however, because of a recent drought.
Chhorn would like to thank her donors for the loan which has helped her improve her life. Thank you for supporting Chhorn and World Vision Micro!
Thank you for supporting the small business loan for Chhon Chhoey to improve her farming business. She invested her loan of $1,025 to pay for operating costs of rice growing and pig raising.
Chhon has now repaid her loan in full. In addition to repaying her loan, Chhon has used her additional income to purchase food for the animals and purchase fertilizer. Chhon's 9 children continue to study in school.
The loan Chhon received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Chhon hopes to expand the current business and purchase livestock.
Thank you for your support of Chhon and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
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