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Sokhom M

Sokhom is from Cambodia. She has 7 children. She needs a loan of $625 to purchase silk .

Agriculture/Animals
Community:
Bati
Country:
Cambodia
other entrepreneurs here Cambodia

Summary

Sokhom is from Cambodia. She has 7 children. She needs a loan of $625 to purchase silk .

  • Top Goals To purchase silk
  • Children Helped 7

Sokhom's Story

Sokhom works to support her large family with two businesses: farming and weaving. She wants to expand her silk weaving business to make it sustainable and prosperous, but she lacks the capital to implement the improvements. By making this business more profitable, she could improve upon her family’s difficult living conditions.

A loan from World Vision would allow Sokhom to purchase the silk she needs to expand her business. She has seven children and cares for her elderly mother. Her children were forced to quit school, but the additional income she will earn as her business prospers will permit them to return to school. Sokhom's plan is to continue to invest in and grow her weaving business, and to explore other business opportunities in the future.

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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.

Sokhom's Community

There is no community update available at this time.

Sokhom's Mid Term Update December 27, 2012

Thank you for supporting a small business loan for Sokhom Mak to expand her farming and silk weaving business. After receiving the loan from World Vision, she invested the $625 to purchase more silk for weaving.

Sokhom has been repaying her loan on time with her new profits. She makes weekly payments of $8.

In addition to repaying her loan, Sokhom is using additional income to purchase food for her family and expand her current business.

Sokhom's seven children continue to study in school.

Thank you for supporting Sokhom and World Vision Micro!

Sokhom's Final Update September 23, 2013

Thank you for supporting the small loan for Sokhom Mak to improve her farming and silk weaving business. She invested her loan of $625 to purchase more silk for weaving.

Sokhom has now repaid her loan in full. In addition to repaying her loan, Sokhom has used her additional income to purchase food for her family and purchase needed equipment.

Sokhom's seven children continue to study in school.

The loan Sokhom received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future, Sokhom hopes to expand her current business and take out another loan.

Thank you for your support of Sokhom 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 Sokhom

24 Donors

  • Helga
    June 08, 2011
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  • Jennifer
    March 27, 2012
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  • Lu Ann
    March 27, 2012
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  • Cameron
    March 27, 2012
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  • Keegan
    March 27, 2012
    Contributed to 8 other loans
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    March 27, 2012
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    March 27, 2012
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    March 27, 2012
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    March 27, 2012
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  • Linda
    March 27, 2012
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  • Elaine
    March 27, 2012
    Contributed to 28 other loans
  • Jennifer
    March 27, 2012
    Contributed to 30 other loans
  • Sarah L
    March 27, 2012
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    March 27, 2012
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  • Tracy
    March 27, 2012
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  • Jeanne
    March 27, 2012
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  • Kathy
    March 27, 2012
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    March 27, 2012
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  • April
    March 27, 2012
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    March 27, 2012
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  • Catherine
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