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Ngim is from Cambodia. She has 6 children. She needs a loan of $250 to buy pig feed.
Ngim is from Cambodia. She has 6 children. She needs a loan of $250 to buy pig feed.
Ngim grows rice and raises pigs. She has six dependants and sells groceries out of her home to supplement her income. She has little cash to reinvest in her business.
A World Vision micro loan will allow her to buy pig feed in order to raise more pigs and to expand her grocery store with the profits from the sale of piglets.
The additional income will allow her children to go to school like others and provide for the family's basic needs.
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.
Nearly 70,000 people live in In Cambodia’s Phnom Sruoch district, one of the region’s poorest districts. Situated in an area of plateaus and mountains, approximately 90 percent of residents are subsistence farmers. Some people earn meager incomes selling rice, charcoal, firewood, or small animals that they have raised. But food shortages still occur four to five months per year. Social services, infrastructure and markets are poorly constructed or non-existent.
World Vision began the Phnom Sruoch Area Development Program in 2001. Accomplishments have included educating livestock farmers on animal health and treatment; establishing home gardens; teaching people about proper hygiene and sanitation to prevent illness; and drilling new wells and upgrading old ones. These changes have helped residents to improve 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 Ngim Say to expand her farming and livestock business. After receiving the loan from World Vision, she invested the $250 to buy pig feed. Ngim has been repaying her loan on time with her new profits. She makes weekly payments of $5.
In addition to repaying her loan, Ngim is using additional income to purchase fertilizer, expand the current business and purchase equipment. Ngim's 6 children continue to study in school.
Thank you for supporting Ngim and World Vision Micro!
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