Farm Development Project
Cambodia remains one of the poorest countries in Asia. Its long-term economic development remains a daunting challenge, inhibited by endemic corruption, limited human resources, high income inequality and poor job prospects. However, as of 2016, Cambodia has been formally reclassified as a lower middle-income country due to its continued economic growth in recent years.
This success can in part be attributed to the expansion and growth of the Cambodian agriculture sector, which grew annually by 5.3% between 2004 and 2012. The rise of the agricultural sector in the last decade, as the World Bank reports, has brought 4 million people out of poverty. More precisely, as this sector grew steadily, the poverty headcount dropped from 50% in 2007 to 18% in 2012. The efficacy of agriculture and agro-business development as a mechanism to improve living and economic conditions for the disadvantaged in Cambodia speaks for itself.
The Bodia Group believes investing in local social enterprises to promote economic development and long term sustainable growth in regional areas. Our organisation identifies projects and provides funding to allow the Cambodian people to manage and grow their own businesses. See our farm initiative below.
The early stages of our farm investment project. 2016 was a year of cost benefit analysis, feasibility studies and collaboration of ideas.
An overview of the farm's construction
Click the arrows to see the three stages of construction!
In 2017, The Bodia Group funded the construction of a two hectare farm project in Takeo Province. On the left is the farm land in the stages before construction. This photo was taken in September 2016 during a trip to judge the feasibility of the project.
Many NGO and charity organisations operate in Cambodia and rely on foreign funding and donations to finance costs. In order to best support our Cambodians partners, it was clear that a path toward self subsistence and sustainability would be the most successful in the long term.
Local Takeo fish