Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Voeurn is from Cambodia. She needs a loan of $500 to buy piglets and hire workers for her potato plantation.
Voeurn Moeng is a farmer from the Kampong Thom Province in Cambodia. She grows rice and potatoes and raises pigs. She would like to add acreage to her land but cannot due to a very limited amount of capital.
With a loan from World Vision, Voeurn will be able buy additional land, a plow for her fields, and more piglets. She can also afford to hire people to help her farm, increasing productivity. With the profits she earns, Voeurn will be able to better provide for her four children's educational needs and buy food for her family. She will also add additional jobs to her community.
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.
Sandan district, in Kampong Thom province, is located in the east. There is a history of heavy logging here. The logs fell and the money flowed. But when international pressure forced the Cambodian government to stop deforestation, the money dried up.
Now Cambodians in Sandan struggle. Forty percent of the population live below the international poverty line of $1.25 per day (UNICEF). Improvements are needed in social services, healthcare, schools, and roads. More than 38,000 people live in Sandan, most making a living through agriculture or small businesses, but they lack the infrastructure that would them grow more crops and put an end to chronic food shortage.
The Sandan Area Development Program was established by World Vision in 1995. World Vision has helped to construct irrigation projects, train farmers on new agricultural methods, build latrines, construct culverts, train teachers on new teaching methods, and instruct health agents on nutrition and vaccination regimes.
Thank you for supporting a small business loan for Voeurn Moeng to expand her farming and livestock business where she raises pigs for a living. After receiving the loan from World Vision, she invested the $500 by buying piglets and hiring workers for her potato plantation.
Voeurn has been repaying her loan on time with her new profits. She makes weekly payments of $6. In addition to repaying her loan, Voeurn is using additional income to purchase food for the animals, pay school fees, and expand the current business. Voeurn's 4 children continue to study in school.
Voeurn would like to thank all of the donors who helped fund her loan. Thank you for supporting Voeurn and World Vision Micro!