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Leang is from Cambodia. She has 5 children. She needs a loan of $325 to cultivate and to buy fertilizer .
Leang is from Cambodia. She has 5 children. She needs a loan of $325 to cultivate and to buy fertilizer .
Leang grows rice, trades junks and work as a laborer to extract potatoes. She has been struggling to provide for her five children. She needs capital to maintain and improve her business. She would like to trade more junk and also buy a motorbike in order to use it as transportation to sell bananas and mangoes. Additional income will enable Leang to support her children's education.
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.
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Thank you for supporting a small business loan for Leang Morn to expand her farming business.
After receiving the loan from World Vision, she invested the $325 to cultivate her land and to buy fertilizer.
Leang has been repaying her loan on time with her new profits. She makes weekly payments of $6.
In addition to repaying her loan, Leang is using additional income to pay school fees and purchase food for the family and expand the current business.
Leang's 1 child continues to study in school.
She thanks all donors for their contributions.
Thank you for supporting Leang and World Vision Micro!
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