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Socheat is from Cambodia. She needs a loan of $1,000 to buy more fruit for resale.
Socheat is from Cambodia. She needs a loan of $1,000 to buy more fruit for resale.
Socheat Boun sells fruit for a living in the Kandal province of Cambodia. She buys fruit from suppliers and sells it at local markets. Her limited capital restricts the amount of fruit she can buy and sell, thereby limiting her income.
With a loan from World Vision, Socheat can buy more fruit for resale, increasing the volume of her sales. The additional income she earns will provide for her family and pay to educate her two children.
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 Socheat Boun to expand her retail and grocery business where she raises fruit selling She invested her loan of $1,000 to buy more fruit for resale.
Unfortunately, Socheat has been struggling to repay her loan on time. She should be making weekly payments of $13. Socheat’s troubles result from local a disaster and because of this situation, she has fallen behind on her payments.
We are continuing to work with Socheat to help her reestablish her business and repay her loan successfully.
Please pray for Socheat and her family during this difficult time.
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