Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Seyha is from Cambodia. She has 3 children. She needs a loan of $525 to buy vegetable seeds and fertilizer .
Seyha has several farming activities to support her living. She grows vegetables, watermelon, and rice. She also raises pigs and chickens.
She didn't have opportunity to expand her businesses as she did not have capital. She thought of borrowing from money lender, but the interest was too high. She knew for sure that her revenue would be only enough to cover the interest expense; this wouldn't make her better off.
Fortunately, with a loan from World Vision she can have a loan to grow vegetables, expand her business and keep her income keep growing. She says this loan has changed her life.
She loves her current business, growing vegetables. She expects to increase the quantity of vegetables grown on her land. She is also able to search for other alternative market for her products. The villagers can have cheap vegetables produced in their community and they can learn from Seyha the plantation method. Middlemen are being created as they can make money by trading vegetables. This is creating new jobs for more people in her community.
Seyha is excited to use the additional income she is making to send her three children to school.
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.
With her loan Seyha was able to buy a pumping machine and vegetable seeds. The pumping machine helped to provide enough water for her crops to grow. Because of the loan, she could cultivate vegetables for the entire year. She used the pumping machine to provide water supply for watermelon seeds during dry season. The pumping machine was also used during a drought to supply water for vegetable and rice crops.
Seyha has kept up the loan repayment regularly. Thank you from Seyha and World Vision Micro!
Thank you for supporting the small business loan for Seyha Un to improve her farming business. She invested her loan of $525 to buy vegetable seeds and fertilizer.
Seyha has now repaid her loan in full. In addition to repaying her loan, Seyha has used her additional income to purchase fertilizer and expand the current business. Seyha's 3 children continue to study in school.
The loan Seyha received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future Seyha hopes to expand the current business and take out another loan.
Thank you for your support of Seyha and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.