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Pov is from Cambodia. She needs a loan of $500 to buy cassava trees and oxen.
Pov is from Cambodia. She needs a loan of $500 to buy cassava trees and oxen.
Pov works as a midwife at a health center in Kampong Speu, Cambodia. Because her midwife salary does not provide enough income to care for her 10 dependents, Pov supplements her income by growing cassava, a starchy root food.
Pov is in need of additional income to invest in her cassava business. A loan from World Vision would ensure that she can purchase cassava trees to plant. In addition, she would be able to purhcase oxen to help with ploughing.
The additional income from her business will be used to support her five children and an additional five dependents who live with her family. The funds will pay for a healthy diet for her children, and they will be able to attend school until they graduate. Pov believes others in her village will benefit from her loan as well; her thriving farm will support the middlemen who sell her produce in other towns.
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 Pov Chheong to expand her farming and food business where she is a Cassava Farmer.
After receiving the loan from World Vision, she invested the $500 to buy cassava trees and oxen.
Pov has been repaying her loan on time with her new profits. She makes weekly payments of $6.
In addition to repaying her loan, Pov is using additional income to purchase food for the family and expand the current business and purchase equipment. Pov's 5 children continue to study in school.
She would like to thank all donors for their contributions.
Thank you for supporting Pov and World Vision Micro!
Pov Chheong has successfully repaid her small business loan. She invested the $500 for her cassava farming business.
Thanks to the loan that she received, Pov was able to use the profits from her business to purchase food for the animals and fertilizer. In the future, Pov aspires to earn enough to expand her current business and purchase oxen to help with the plowing.
Pov's 5 children continue to study in school. Because she was able to invest in her business, she will be able to provide the basic necessities for her family, including a nutritious diet, clothing, and medical care.
She is very thankful for the World Vision loan.
Thank you for investing in Pov and World Visio Micro. These funds are now available to help other entrepreneurs in Pov’s community.
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