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Khim is from Cambodia. He needs a loan of $250 to purchase pig feed.
Khim is from Cambodia. He needs a loan of $250 to purchase pig feed.
Khim raises pigs and his wife operates a small grocery store in their home. They have attempted other businesses which proved unsustainable, and even now are struggling to provide the basic necessities for their family. Khim wants to expand their businesses to make them more profitable, but he lacks the capital to invest.
With a loan from World Vision, Khim plans to purchase feed for his animals. With the additional income he will earn from this improvement, Khim plans to continue to invest in both businesses. He wants to raise more pigs and expand his wife’s store by building a new facility for the store in a better location. His goals are to become financially independent of his parents and to create a savings for the education of his three 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 Khim Kheom to expand his grocery store and pig raising business. After receiving the loan from World Vision, he invested the $250 to purchase pig feed.
Khim has been repaying his loan on time with his new profits. He makes weekly payments of $4.
In addition to repaying his loan, Khim is using additional income to purchase food for the family, purchase fertilizer and expand the current business. Khim's 3 children continue to study in school.
Thank you for supporting Khim and World Vision Micro!
