Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Horl is from Cambodia. She has 8 children. She needs a loan of $250 to purchase farming and fishing supplies.
Horl supports her large family by growing rice and corn, and she also raises ducks and chickens for eggs. Her husband helps with the farming and is also a fisherman. Her desire is that she could expand these businesses beyond basic subsistence to make them more profitable, however she has little capital to invest.
With a loan from World Vision, Horl plans to purchase the supplies needed to improve both their farming and fishing enterprises. With the additional income she will earn, Horl will reinvest in the businesses and plans to purchase piglets to raise. An investment in this loan will result in better food, clothing, and overall living conditions for Horl, her husband, and their eight children.
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 Horl Yang to expand her farming and livestock business. After receiving the loan from World Vision, she invested the $250 to purchase farming and fishing supplies.
Horl has been repaying her loan on time with her new profits. She makes weekly payments of $5. In addition to repaying her loan, Horl is using the additional income to purchase fertilizer and purchase equipment. Horl's 8 children continue to study in school.
Thank you for supporting Horl and World Vision Micro!