Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Kim is from Cambodia. She needs a loan of $300 to purchase pig feed.
Kim resides in the Takeo province of Cambodia. Kim raises pigs for a living, and her husband operates a barber shop. Her goal is to expand and improve both of these businesses in order to earn more profits and make a better life for her family.
With a loan from World Vision, Kim plans to purchase more pig feed. With the additional income she will earn from this business improvement, she plans to build a bigger barber shop and continue to raise more pigs. Kim has four children, and her ultimate goal is to help pay for their education. She wants to be able to help them all receive college educations so they can get good jobs.
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.
Kim used the loan to buy a cow and pig feed for her pig raising business. She also used the loan to pay for her children's school fees for the university.
Because of the loan, her children now have finished their university degrees, and they can now get a better job. Furthermore, she now owns a cow that she could use for business in the future.
She is a hardworking woman, so she has never had difficulties in repaying the loan on time.
Her business has been getting better so she was able to earn enough to repay the loan, to pay her children's school fees, and to buy a cow.
She would like to thank the donors who were interested in her story and provided loan to help her to support the business and family. She would like to send them all the best wishes in life.
Thank you for supporting Kim and World Vision Micro!
Thank you for supporting the small business loan for Kim Soun to improve her health/beauty and livestock business. She invested her loan of $300 to purchase pig feed.
Kim has now repaid her loan in full. In addition to repaying her loan, Kim has used her additional income to purchase food for the animals, pay school fees, and expand the current business. Kim's 4 children continue to study in school.
The loan Kim received helped her business expand and the profits she is now earning create lasting improvements in her life. In the future, Kim hopes to continue to send her children to school and purchase livestock.
Thank you for your support of Kim and World Vision Micro! These funds are now being recycled to support another eager entrepreneur in the same community.