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Srey is from Cambodia. She has 3 children. She needs a loan of $525 to purchase fertilizer for corn and potatoes.
Srey lives in Kandal Province in Cambodia, and she and her husband farm rice, corn and potatoes to earn a living. Due to their lack of income, Srey has been forced to approach local money lenders to keep her business running. However, they charge very high interest rates.
With a loan from World Vision, Srey will invest in her farming business by purchasing fertilizer. She wants to grow more corn and potatoes to increase her income. Srey plans to use her future profits to invest further into her farm by purchasing a motorbike, plows and cows. She looks forward to a time when she will no longer need the local money lenders and will be able to save money for her family's future needs.
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.
Srey Yen does not have any updates yet.