Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Chim is from Cambodia. She needs a loan of $1,000 to buy fertilizer and pay for rice field rental.
Chim is a farmer from Battambang, Cambodia where she farms rice and raises chickens. The family owns a plowing machine which her husband uses to plow other farmers' soil for extra income.
The loan from World Vision enables her to rent additional rice fields and buy fertilizer to help with the crops. She will also buy more oxen and a plowing machine. She will also purchase chickens and raise them to generate supplementary income. She also hopes to someday open a grocery store.
She can earn enough to feed her family and send her children to school with a loan from World Vision. She can create job opportunities for her neighbors as they can work as laborers during the harvest season.
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.
Thank you for supporting a small business loan for Chim Chum to expand her farming and livestock business. After receiving the loan from World Vision, she invested the $1,000 to buy fertilizer and pay the rental fee for her rice field.
Chim has been repaying her loan on time with her new profits. She makes weekly payments of $15. In addition to repaying her loan, Chim is using additional income to purchase food for the family, purchase fertilizer, and expand the current business. Chim's 4 children continue to study in school.
Thank you for supporting Chim and World Vision Micro!
Thank you for supporting the small loan for Chim Chum to improve her farming and livestock business. She invested her loan of $1,000 to buy fertilizer and pay for rice field rental.
Chim has now repaid her loan in full. In addition to repaying her loan, Chim has used her additional income to purchase food for the family, purchase fertilizer, and expand the current business. Chim's 4 children continue to study in school.
The loan Chim received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Chim hopes to expand the current business and purchase livestock.
Thank you for your support of Chim and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.