Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
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Pov is from Cambodia. She needs a loan of $1,000 to purchase fertilizer for her farm.
Pov is from Cambodia. She needs a loan of $1,000 to purchase fertilizer for her farm.
Pov is a farmer. Besides growing rice, she grows sugarcane, corn and bananas. During the last season, Pov did not have the capital to buy fertilizer, which meant that her crops suffered and she did not earn a large profit. This season will be different, however. Pov has requested a loan from World Vision in order to purchase fertilizer for her farm. The fertilizer will help her crops and Pov will be able to earn larger profits.
Pov wants to increase her production because she has skill in growing them. If she has capital, she believes that her business will be very successful. With the additional capital she earns, Pov will provide livelihood for her family and generate economic growth in her community.
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.
Nearly 70,000 people live in In Cambodia’s Phnom Sruoch district, one of the region’s poorest districts. Situated in an area of plateaus and mountains, approximately 90 percent of residents are subsistence farmers. Some people earn meager incomes selling rice, charcoal, firewood, or small animals that they have raised. But food shortages still occur four to five months per year. Social services, infrastructure and markets are poorly constructed or non-existent.
World Vision began the Phnom Sruoch Area Development Program in 2001. Accomplishments have included educating livestock farmers on animal health and treatment; establishing home gardens; teaching people about proper hygiene and sanitation to prevent illness; and drilling new wells and upgrading old ones. These changes have helped residents to improve 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 Pov Kong to expand her farming and food business.
After receiving the loan from World Vision, she invested the $1,000 to purchase fertilizer for her farm.
Pov has been repaying her loan on time with her new profits. She makes weekly payments of $13.
In addition to repaying her loan, Pov is using additional income to purchase food for the family and do home repairs and purchase equipment.
Pov's 8 children continue to study in school.
Thank you for supporting Pov and World Vision Micro!
Thank you for supporting Pov Kong’s farming business through World Vision Micro. Pov invested her small business loan of $1,000 to purchase fertilizer for her farm. She has made weekly payments of $13 and has now fully repaid her loan.
With the profits from her business, Pov decided to purchase fertilizer and expand her current business. Pov’s goal for the future is to earn enough so that she can expand her current business and take out another loan.
Pov’s eight children remain in school. Because of your donation, Pov is able to provide a better future for her children.
Thank you for providing Pov with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.
