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Nherm is from Cambodia. She needs a loan of $300 to purchase fish and vegetables for resale.
Nherm is from Cambodia. She needs a loan of $300 to purchase fish and vegetables for resale.
Nherm, a widow and mother of three, supports her family by farming and by selling fermented fish and vegetables at the local market. Her business has been only marginally sustainable, and she is in need of investment capital to increase her profits and improve living conditions for her family.
Nherm is requesting a loan from World Vision to purchase more fish and vegetables to sell. With the additional income she will earn, she plans to reinvest in and continue to grow her business. Her goal is to eventually have her own grocery store at home, eliminating travel costs and benefitting her neighbors. Her main concern is her three children. Two have already had to drop out of school to work as laborers to help support the family. Nherm hopes to make her business a success so her third child can remain in school.
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 Nherm Sorn to expand her farming and food business.
After receiving the loan from World Vision, she invested the $300 to purchase fish and vegetables to sell.
Nherm has been repaying her loan on time with her new profits. She makes weekly payments of $5.
In addition to repaying her loan, Nherm is using additional income to purchase food for the family and expand the current business. Nherm's 3 children continue to study in school.
Thank you for supporting Nherm and World Vision Micro!
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