Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Thoeurn is from Cambodia. She has 2 children. She needs a loan of $350 to purchase fertilizer and hire a worker.
Thoeurn is a rice farmer. Her farming operation is marginal and it is a challenge for her to provide for her family. She lacks the capital she needs to expand her farm and make it more profitable. In the future, Thoeurn hopes to acquire more land to expand the size of her farm.
With a World Vision mico loan, Thoeurn plans to purchase fertilizer and hire a worker to help her with farming operations. These improvements will result in a better harvest and enough income to continue to reinvest in the farm and offer her two children a better quality of life.
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 Thoeurn Paong to expand her rice farming business. After receiving the loan from World Vision, she invested the $350 to purchase fertilizer and hire a worker.
Thoeurn has been repaying her loan on time with her new profits. She makes weekly payments of $7.
In addition to repaying her loan, Thoeurn is using additional income to purchase fertilizer and expand the current business. Thoeurn's two children continue to study in school.
Thank you for supporting Thoeurn and World Vision Micro!
Thoeurn Paong has successfully repaid her small business loan. She invested the $350 for her rice farming business.
Thanks to the loan that she received, Thoeurn was able to use the profits from her business to purchase fertilizer and expand her current business. In the future, Thoeurn aspires to earn enough to expand her current business and purchase livestock.
Thoeurn's two children continue 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 Thoeurn through World Vision! These funds are now available to help other entrepreneurs in Thoeurn’s community.