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Srey Y

Srey is from Cambodia. She has 3 children. She needs a loan of $525 to purchase fertilizer for corn and potatoes.

Agriculture/Animals
Community:
Leuk Daek
Country:
Cambodia
other entrepreneurs here Cambodia

Summary

Srey is from Cambodia. She has 3 children. She needs a loan of $525 to purchase fertilizer for corn and potatoes.

  • Top Goals To purchase fertilizer for corn and potatoes
  • Children Helped 3

Srey's Story

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.

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Industry Info

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.

Srey's Community

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's Mid Term Update April 07, 2012

Thank you for empowering Srey Yen with the opportunity to expand her farming business. With the $525 loan Srey was able to purchase fertilizer for her corn and potato fields.

Srey is on her way to repaying her small business loan, as she makes weekly payments of $10. Thanks to the profits she has earned, Srey can afford to purchase fertilizer and expand her current business.

Srey hopes to provide her children with a brighter future and her two children continue to study in school.

Thank you for supporting hardworking entrepreneurs like Srey and World Vision Micro!

Srey's Final Update September 22, 2012

Srey

Srey Yen has successfully repaid her small business loan. She invested the $525 for her farming business.

Thanks to the loan that she received, Srey was able to use the profits from her business to purchase fertilizer and expand her current business. In the future, Srey aspires to earn enough to expand her current business and take out another loan.

Srey's three children continue to study in school. Because she was able to invest in her business, she will be able to invest in her family.

Thank you for investing in the power of hardworking people like Srey through World Vision! These funds are now available to help other entrepreneurs in Srey's community.

Total Amount
$525

Amount raised

$525
$525
100%

Help Srey

7 Donors

  • Bunko
    October 13, 2011
    Contributed to 32 other loans
  • Sabina
    October 14, 2011
    Contributed to 28 other loans
  • Lisa
    October 14, 2011
    Contributed to 6 other loans
  • Daniel
    October 18, 2011
    Contributed to 3 other loans
  • Anonymous
    October 18, 2011
    Contributed to 8 other loans
  • Christy
    October 22, 2011
    Contributed to 26 other loans
  • Keith
    October 22, 2011
    Contributed to 3 other loans

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