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Pov is from Cambodia. She has 3 children. She needs a loan of $325 to purchase fertilizer and piglets .
Pov engages in several businesses in order to support her family. She grows rice, raises pigs, sells noodles, and works as a laborer in her village. Even with multiple enterprises, Pov has difficulty providing her family’s needs because she has no capital to invest to improve her businesses.
A loan will allow Pov to purchase fertilizer and piglets to expand her businesses and make them more profitable. With the additional income she will earn from these improvements, she will be able to provide her family’s daily necessities and pay for her three children to go to school. In the future, Pov wants to continue to invest in her businesses and start a new business selling vegetables in the village.
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 Pov Tur to expand her farming and livestock business.
After receiving the loan from World Vision, she invested the $325 to purchase fertilizer and piglets.
Pov has been repaying her loan on time with her new profits. She makes weekly payments of $6.
In addition to repaying her loan, Pov is using additional income to purchase food for the animals and pay school fees and purchase food for the family. Pov's 3 children continue to study in school.
She would like to thank all donors for their contributions via Micro.
Thank you for supporting Pov and World Vision Micro!