Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Chhun is from Cambodia. She needs a loan of $1,000 to buy fishing equipments, fertilizers and lotus seeds.
Chhum sells lotus and fish and her husband is a fisherman. Because of their poverty, her children have had to leave school because she couldn't afford the school fees. She needs capital to expand her business and earn a better income.
She is requesting a loan to purchase lotus seeds for her business and fishing supplies for her husband. By maximizing her income, she can use the profits to send her children back to school.
Chhum would like to hire someone to help her grow lotus. And she also would like to open a small cosmetics shop at home. Her hope is that not only would her family's life improve, but that of her community since she would be able to employ help.
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.
Thank you for partnering with World Vision Micro to provide Chhun Chhum with a small loan for her farming and livestock business. Chhun used her loan of $1,000 to buy fishing equipments, fertilizers and lotus seeds. She continues to make weekly payments of $13 on time.
With the profits she has earned from her growing business, Chhun is able to purchase food for the family and purchase equipment.
Chhun's 6 children continue to study in school. Thanks to Chhun’s hard work, she will be able to provide a brighter future for her 6 children.
Thank you for supporting Chhun's small business through World Vision Micro!
Thank you for supporting the small loan for Chhun Chhum to improve her farming and livestock business. She invested her loan of $1,000 to buy fishing equipments, fertilizer and lotus seeds.
Chhun has now repaid her loan in full. In addition to repaying her loan, Chhun has used her additional income to expand her current business and do home repairs.
Chhun's six children continue to study in school.
The loan Chhun received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Chhun hopes to send her children to school, repair or expand their home and expand her current business.
Thank you for your support of Chhun and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.