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Hem is from Cambodia. She needs a loan of $250 to purchase thatch and fertilizer.
Hem is from Cambodia. She needs a loan of $250 to purchase thatch and fertilizer.
Hem supports her family as a rice farmer. She has a second business weaving thatch. It has been difficult for Hem to earn enough income to make her businesses sustainable. She is in need of an investment of capital to expand her businesses so she can improve living conditions for her family.
Hem is requesting a loan from World Vision so she can purchase fertilizer and thatch. These improvements will provide the additional income she needs to reinvest in her business, provide her family’s daily necessities, and pay for her child’s education. As her businesses grow, she hopes to be able to provide a job for someone in her community to help her weave. In the future, she hopes to take advantage of a new business opportunity.
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 Hem Earb to expand her farming and manufacturing business.
After receiving the loan from World Vision, she invested the $250 by buying to purchase thatch and fertilizer.
Hem has been repaying her loan on time with her new profits. She makes weekly payments of $5.
In addition to repaying her loan, Hem is using additional income to purchase food for the family and purchase fertilizer and expand the current business. Hem's 1 child continue to study in school.
Thank you for supporting Hem and World Vision Micro!
Hem Earb has successfully repaid her small business loan. She invested the $250 for her farming and thatch weaving business.
Thanks to the loan that she received, Hem was able to use the profits from her business to purchase fertilizer and expand her current business. In the future, Hem aspires to earn enough to send her child to school, expand her current business and take out another loan.
Hem's child continues 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 Hem through World Vision! These funds are now available to help other entrepreneurs in Hem’s community.
