Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Srey Phally is from Cambodia. She needs a loan of $250 to buy piglets and increase her farm's productivity.
Srey Phally Maing grows rice in Kampong Speu, Cambodia. She also raises pigs at home to earn extra income. Due to a lack of capital Srey cannot afford to buy piglets or farm the whole of her land.
With a loan from World Vision, Srey will be able to harvest rice with hired help from members of her community, increasing the land's productivity. She will also be able to buy more piglets. Srey would like to improve her ability to live a healthy life, create more jobs through her farm, and sell more pigs at the market.
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 Srey Phally Maing to expand her farming and livestock business. After receiving the loan from World Vision, she invested the $250 by buying piglets and by increasing her farm's productivity.
Srey Phally has been repaying her loan on time with her new profits. She makes weekly payments of $5. In addition to repaying her loan, Srey Phally is using additional income to purchase food for the animals and purchase fertilizer.
Thank you for supporting Srey Phally and World Vision Micro!
Thank you for supporting the small loan for Srey phally Maing to improve her farming and livestock business. She invested her loan of $250 to buy piglets and increase her farm's productivity.
Srey Phally has now repaid her loan in full. In addition to repaying her loan, Srey Phally has used her additional income to purchase food for her family and expand the current business.
The loan Srey Phally received helped her business expand and the profits she is earning has created lasting improvements in her life. In the future Srey Phally hopes to send children to school, take out another loan and purchase livestock.
Thank you for your support of Srey Phally and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.