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Chhim P

Chhim is from Cambodia. She has 2 children. She needs a loan of $625 to buy grocery stock for her store.

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

Summary

Chhim is from Cambodia. She has 2 children. She needs a loan of $625 to buy grocery stock for her store.

  • Top Goals To buy grocery stock for her store
  • Children Helped 2

Chhim's Story

Chhim, the mother of two children, is a farmer who grows rice and sells groceries. Her husband provides transportation services by using his motorbike. She does not have the capital to invest in her grocery business to keep her customers supplied and to expand her business to remain competitive.

A World Vision micro loan will restock Chhim's grocery products.

The additional income will provide her family with better living conditions, sufficient food and education for her children.

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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.

Chhim'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.

Chhim's Mid Term Update January 21, 2013

Thank you for empowering Chhim Pheun with the opportunity to expand her rice farming and grocery business. With the $625 loan Chhim was able to buy merchandise to restock her store.

Chhim is on her way to repaying her small business loan, as she makes weekly payments of $8. Thanks to the profits she has earned, Chhim can afford to provide her family with healthcare and expand her current business.

Chhim 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 Chhim and World Vision Micro!

Chhim's Final Update October 21, 2013

Thank you for supporting the small loan for Chhim Pheun to improve her farming and grocery business. She invested her loan of $625 to buy grocery stock for her store.

Chhim has now repaid her loan in full. In addition to repaying her loan, Chhim has used her additional income to purchase food for her family, expand her current business and buy supplies in bulk.

Chhim's two children continue to study in school.

The loan Chhim received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Chhim hopes to expand her current business and repair or expand their home.

Thank you for your support of Chhim and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.

Total Amount
$625

Amount raised

$625
$625
100%

Help Chhim

22 Donors

  • Bunko
    April 16, 2012
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  • Crystal
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  • Maureen Denman & Robert
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  • Cheryl
    April 18, 2012
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  • Amy
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  • P Kay
    April 18, 2012
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  • Deean C
    April 18, 2012
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    April 18, 2012
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  • Stephanie
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  • Rachel
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  • Allison
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