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Chan is from Cambodia. She needs a loan of $1,025 to buy a motor boat .
Chan is from Cambodia. She needs a loan of $1,025 to buy a motor boat .
Chan Chin fishes and sells vegetables in her village in the Kandal Province of Cambodia. She has been experiencing difficulties in getting adequate funding for her business activities.
With a loan from World Vision she will be able to purchase a motor boat that she will use to earn more income fishing. She also will be able to buy more seeds to grow vegetables. The additional income earned will enable her to support her family's needs and allow her to make a modest contribution to her community.
Her goal is to grow more vegetables and increase her paddy cultivation activity.
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 Chan Chin to expand her farming, food and transportation business. After receiving the loan from World Vision, she invested the $1,025 to buy a motor boat. Chan has been repaying her loan on time, making weekly payments of $14 with her new profits.
In addition to repaying her loan, Chan is using additional income to purchase food for her family and buy supplies in bulk. Chan's only child continues to study in school.
Thank you for supporting Chan and World Vision Micro!
Chan Chin has successfully repaid her small business loan. She invested the $1,025 for her agriculture/animals business.
Thanks to the loan that she received, Chan was able to use the profits from her business to purchase food for her family, purchase fertilizer and purchase equipment. In the future, Chan aspires to earn enough to expand her current business and take out another loan.
Chan's child continues to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Thank you for investing in the power of hardworking people like Chan through World Vision! These funds are now available to help other entrepreneurs in Chan’s community.
