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Dean is from Cambodia. She has 3 children. She needs a loan of $1,025 to pay for costs of farming and buy 5 piglets .
Dean makes her living in agriculture. She own 3 hectares of rice field and 1 hectare of cassava farm. At home, she raises pigs to earn supplementary income.
The harvest from farming was not enough to feed the family and she could not afford to send her children to school. She didn't have the opportunity to expand her businesses or create a new business since she didn't have money. Therefore, she needed a loan to support her in raising pigs to make more money.
With a loan from World Vision one of the things she hopes to do is buy 5 piglets. With surplus cash from pig raising, she wants to expand her current businesses and continue the pig raising. The family will be able to live comfortably with these businesses.
She hopes to acquire more land, so she can increase her productivity. She expects to buy more pigs and increase the number of pigs raised.
With her income Dean is able to buy household appliances and pay for daily expenses and her family is better off. They live comfortably and no longer worrying of hunger. She has a chance to learn about business idea and cash flow management from World Vision staff and Dean likes to apply these ideas. She further shares her knowledge to neighbors who are living in difficulty, so they can start a business with a loan like she does.
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.
Dean invested her loan in fertilizer, 5 piglets and for some rice seeds.
The fertilizer helped her crops to grow well which she could sell for a higher price. Furthermore, she also has sold her pigs which the revenue was used to renovate her broken house.
Dean has a successful cultivation and pig raising business, she earns a good income from them.
She would like to thank the donors for providing a Micro loan for her and she hopes that donors will still provide loans for other entrepreneurs like her in order to help them have a better life too.
Thank you for supporting the small loan for Dean Dul to improve her farming, food and livestock business. She invested her loan of $1,025 to pay for costs of farming and buy 5 piglets.
Dean has now repaid her loan in full. In addition to repaying her loan, Dean has used her additional income to purchase food for the animals and purchase fertilizer.
Dean's 3 children continue to study in school.
The loan Dean received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Dean hopes to expand the current business and purchase livestock.
Thank you for your support of Dean and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.