Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Saveth is from Cambodia. She needs a loan of $250 to buy seeds, fertilizers, and pesticides.
Saveth farms rice, maize, and soybeans and raises pigs in Kandal Province, Cambodia.
Her farm is small and generates little income, so she has had a difficult time providing enough food for her children. A loan from World Vision will help her buy seeds, fertilizers, and pesticides to improve her farm’s production and increase her income.
Her expanded farm will add two additional jobs to her community. She hopes to reinvest in her farm by buying sufficient equipment, and she dreams of starting another business.
Saveth will use her increased income to provide for her family and pay for her two children’s education.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs begin with stalls at markets or even at home and need a loan to expand or increase their inventory. Others may be ready to open a small store. Goods purchased from loan funds range from clothing, grocery or sundry items to jewelry, candy, perfume or health and beauty supplies. Loans in the commerce sector account for around 33% of our loans.
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 empowering Saveth Bat with the opportunity to expand her farm and animal raising business. With the $250 loan Saveth was able to buy seeds, fertilizers, and pesticides.
Saveth is on her way to repaying her small business loan, as she makes weekly payments of $5. Thanks to the profits she has earned, Saveth can afford to purchase food for the animals, purchase fertilizer and expand the current business.
Saveth hopes to provide her children with a brighter future and her two children continue to study in school.
Thank you for supporting hardworking entrepreneurs like Saveth and World Vision Micro!
Thank you for supporting the small loan for Saveth Bat to improve her farming and livestock business. She invested her loan of $250 to buy seeds, fertilizers, and pesticides.
Saveth has now repaid her loan in full. In addition to repaying her loan, Saveth has used her additional income to purchase food for the animals, purchase fertilizer and expand her current business.
Saveth's two children continue to study in school.
The loan Saveth received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future Saveth hopes to send her children to school, expand her current business and purchase livestock.
Thank you for your support of Saveth and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.