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Saran Y

Saran is from Cambodia. She has 2 children. She needs a loan of $250 to buy fertilizer and pesticide.

Agriculture/Animals
Community:
Leuk Daek
Country:
Cambodia
other entrepreneurs here Cambodia

Summary

Saran is from Cambodia. She has 2 children. She needs a loan of $250 to buy fertilizer and pesticide.

  • Top Goals To buy fertilizer and pesticide
  • Children Helped 2
  • Number of Employees 2

Saran's Story

Saran is a farmer who grows rice, vegetables, maize, and soybeans. She needs fertilizer and pesticide to increase her crops' growth so that she can make a better profit, but she does not yet have the money to invest in these necessary farm supplies. With a loan from World Vision, Saran will purchase the fertilizer and pesticide she needs to continue her farming business.

Additional income will give Saran a chance to prepare for the next year's cultivation season instead of falling behind every year. She will also be able to hire two other people to work for her on the farm, which will spread out the economic opportunity in her community.

Saran's family will also benefit from the extra profits she will make. She has two children who depend on her to meet their basic needs. The extra income will help Saran provide for the family, renovate their home, and send her children to school.

She wants to keep expanding her cultivation business in the future. Someday, she hopes to raise pigs and also own a grocery store.

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Industry Info

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.

Saran's Community

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.

Saran's Mid Term Update November 08, 2012

Thank you for supporting a small business loan for Saran Yen to expand her farming business. After receiving the loan from World Vision, she invested the $250 to buy fertilizer and pesticide.

Saran has been repaying her loan on time with her new profits. She makes weekly payments of $5.

In addition to repaying her loan, Saran is using the additional income to provide food for her family, purchase fertilizer and do home repairs.

Saran's two children continue to study in school.

Thank you for supporting Saran and World Vision Micro!

Saran's Final Update April 25, 2013

Saran Yen has successfully repaid her small business loan. She invested the $250 for her farming business.

Thanks to the loan that she received, Saran was able to use the profits from her business to buy supplies in bulk, purchase fertilizer and purchase equipment. In the future, Saran aspires to earn enough to send her children to school, repair or expand their home and expand her current business.

Saran's child continues 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 Saran through World Vision! These funds are now available to help other entrepreneurs in Saran’s community.

Total Amount
$250

Amount raised

$250
$250
100%

Help Saran

3 Donors

  • Theresa
    April 18, 2012
    Contributed to 24 other loans
  • Chengc
    April 23, 2012
    Contributed to 24 other loans
  • Virginia
    May 22, 2012
    Contributed to 13 other loans

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