Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Pho is from Cambodia. He needs a loan of $800 to buy farming land.
Pho is a farmer in Kandal where he lives with his family. He grows rice, corn, and beans. While Pho likes farming, he only owns a small plot of land; the harvest was not enough to feed the family.
Pho's wife said, "My husband had to go fishing to feed the family. It was very hard for him." Pho would have to leave for long periods of time. He needs more land to increase the harvest so that he can stay home with his family.
The loan from World Vision enables Pho to buy additional farming land, so he can grow more crops. Because of the profits that are related with the increase in land and crops, Pho will no longer have to go away for work and his family will have enough food to eat. He will also be able to send his children to university, improving their future.
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.
More than 56,000 people make their home in Cambodia’s Leuk Daek district. Located in Kandal province, improvements are needed in social services, healthcare, schools, and roads. Agriculture is the main source of family income, yet 37 percent of the population experiences food shortages for more than four months of the year.
World Vision established the Leuk Daek Area Development Program in 2000. Accomplishments include helping families establish home gardens, teaching farmers new agricultural methods, immunizing children, constructing calverts, and supporting a canal renovation. These changes have helped the Cambodian people to begin making improvements in 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 Pho so he could expand his farm on which he grows rice, corn, and beans. After receiving the loan from World Vision, he invested the funds by buying more land on which to farm.
Pho is proud to report that he has been repaying his loan on time with his new profits. In addition to repaying his loan, Pho is using his additional income to purchase food for his family, as well as for the animals he raises. He was also able to purchase fertilizer for his farm so he can expand his business further. Pho's three children can continue to study in school due to the success he is having with the new farm land he was able to purchase.
Thank you for supporting Pho and World Vision Micro!
Thank you for supporting the small loan for Pho Cheng to improve his farming and food business. He invested his loan of $800 to buy farming land to increase the harvest.
Pho has now repaid his loan in full. In addition to repaying his loan, Pho has used his additional income to purchase food for the animals, purchase food for his family and purchase fertilizer.
Pho's three children continue to study in school.
The loan Pho received helped his business expand and the profits he is earning is creating lasting improvements in his life. In the future Pho hopes to send his children to school, expand his current business and take out another loan.
Thank you for your support of Pho and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.