Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Sokheurng is from Cambodia. She has 1 child. She needs a loan of $250 to improve cultivation business.
Sokheurng Thet lives in Cambodia's Preah Vihear Province. She grows rice and raises chickens and piglets at home. Sokheurng and her husband also work as laborers to earn income for their family. To make ends meet, her husband is paid a small amount to carry rice sacks from warehouse to a truck. Sokheurng would like to increase the profit she earns from her labor but has little access to the capital she needs to invest in improving her cultivation business, and her family's is struggling from low wages.
With a loan from World Vision, Sokheurng will be able to invest in improvements to her rice growing and farming businesses. With the profits from her expanded business, Sokheurng will be able to work towards bringing the family out of poverty through paying for her family's medical expenses, providing for her child's educational needs, and feeding her family.
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 Sokheurng so she could expand her farming and livestock raising business. After receiving the loan from World Vision, she invested the funds to improve her rice and produce farming business.
Sokheurng is pleased to report that she has been repaying her loan on time with her new profits. In addition to repaying her loan, Sokheurng is using her additional income to purchase food for her family, as well as to reinvest in her business to expand it further.
Thank you for supporting Sokheurng and World Vision Micro!
Thank you for supporting Sokheurng Thet’s farming and livestock business through World Vision Micro. Sokheurng invested her small business loan of $250 to improve cultivation on her farm. She has made weekly payments of $4 and has now fully repaid her loan.
With the profits from her business, Sokheurng decided to purchase food for her family and purchase fertilizer. Sokheurng’s goal for the future is to earn enough so that she can send her children to school and expand her current business.
Sokheurng’s child remains in school. Because of your donation, Sokheurng is able to provide a better future for her child.
Thank you for providing Sokheurng with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.