Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
READ MORE…
Norn is from Cambodia. She needs a loan of $250 to buy fertilizer and seeds.
Norn is from Cambodia. She needs a loan of $250 to buy fertilizer and seeds.
Norn is a farmer, who works hard to provide for her family. As a widow, she found it hard to earn enough to support her nine children alone. She lived in a small house which would leak when it rained. She would borrow money from other lenders but the interest was way too high. This World Vision loan enables her to earn more from the high productivity, and greatly improves her family’s living standards.
Norn has a new husband who is a driver for a private company. In the future, she plans to farm more land for higher productivity. She will need more seeds and fertilizer. She also wants to raise some pigs at home for more income.
Norn has 9 children, 5 of whom are still at home. This loan helps Norn improve their living conditions, have enough food to eat, and a better house. Moreover, she can also afford sending all her 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.
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.
Norn used the loan to buy rice and corn seeds to continue cultivating her farm. The loan allowed her to have capital to invest in her own business. Since her business has been doing well, she was able to use some of her savings to restock a grocery store that is run by one of her children. The loan did not just improve her living conditions but it also helped her family members.
She has never been late in making a payment. However, she experienced some difficulties when a flood destroyed some of her crops.
Norn would like to send good wishes to the donors who helped fund her loan. Thank you for supporting Norn and World Vision Micro!
Thank you for supporting the small loan for Norn Nhim to improve her farming and food business. She invested her loan of $250 to buy fertilizer and seeds.
Norn has now repaid her loan in full. In addition to repaying her loan, Norn has used her additional income to purchase food for the family, purchase fertilizer and expand the current business.
The loan Norn received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Norn hopes to start a new business, take out another loan and purchase livestock.
Thank you for your support of Norn and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.
