Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Sroe is from Cambodia. He needs a loan of $250 to buy farm equipment, fertilizer and seed.
Sroe is a farmer who grows rice, corn, soybeans and raises buffalo on a small farm. The farm does not generate enough income for his family of five dependants.
A World Vision micro loan would help expand his current business so he can buy farm equipment, fertilizer and seed. His goal is to cultivate more land and raise more buffalo.
The additional income would provide education for his three children, better living conditions and sufficient food for the whole family.
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 Sroe Phoem to expand his farming business where he raises animals. After receiving his loan from World Vision, he invested the $250 to buy farm equipment, fertilizer and seed.
Sroe has been repaying his loan on time with his new profits. He makes weekly payments of $5.
In addition to repaying his loan, Sroe is using additional income to purchase fertilizer, expand his current business and purchase equipment.
Sroe's three children continue to study in school.
Thank you for supporting Sroe and World Vision Micro!
Sroe Phoem has successfully repaid his small business loan. He invested the $250 for his agriculture/animals business.
Thanks to the loan that he received, Sroe was able to use the profits from his business to pay for transportation and expand his current business. In the future, Sroe aspires to earn enough to start a new business, expand his current business and take out another loan.
Sroe's three children continue to study in school. Because he was able to invest in his business, he will be able to invest in his family.
Thank you for investing in the power of hardworking people. These funds are now available to help other entrepreneurs in Sroe’s community.