Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Houy is from Cambodia. She needs a loan of $525 to buy fertilizer and restock store.
Houy is industrious and hard working, growing rice and vegetables, raising pigs, and running a grocery store at home. But in the past she did not have enough capital to use in her current business, and the economy had made her situation even more difficult. This World Vision loan allows her to have capital to buy fertilizer for the rice field as well as to restock her grocery store.
Houy has 3 children. This loan has enabled helping her family to face their economic challenges together as a family, providing a variety of jobs for family members to do. Now they can usually provide for their everyday expenses. One of her children can to go to school, and they can save for the others.
Beyond that, with other profits, Houy wants to update her current business size to become bigger and even more successful.
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 supporting a small business loan for Houy Phinh to expand her farming and grocery business. After receiving the loan from World Vision, she invested the $525 by buying fertilizer and items to restock store.
Houy has been repaying her loan on time with her new profits. She makes weekly payments of $8. In addition to repaying her loan, Houy is using additional income to purchase food for the animals, fertilizer, and equipment. Houy's 3 children continue to study in school.
Houy would like to express her deep appreciation to all of the donors who helped fund her loan through World Vision. Thank you for supporting Houy and World Vision Micro!
Thank you for supporting the small loan for Houy Phinh to improve her farming and grocery business. She invested her loan of $525 to buy fertilizer and restock store.
Houy has now repaid her loan in full. In addition to repaying her loan, Houy has used her additional income to purchase food for the animals, purchase fertilizer and expand her current business.
Houy's three children continue to study in school.
The loan Houy received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Houy hopes to expand her current business and purchase livestock.
Thank you for your support of Houy and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.