Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Phany is from Cambodia. She has 2 children. She needs a loan of $300 to buy groceries for her store.
Providing for her two children is Phany Chem's main goal. Her family depends on the income she generates from her store. Phany would like to increase her income by expanding her store and purchasing a wider variety of grocery items that will attract more customers, but due to a lack of money she has not been able to.
The loan from World Vision will enable Phany to grow her business. The income she generates will allow her to reinvest in her business, better provide for her children, and ensure they are able to receive an education.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs begin with stalls at markets or even at home and need a loan to expand or increase their inventory. Others may be ready to open a small store. Goods purchased from loan funds range from clothing, grocery or sundry items to jewelry, candy, perfume or health and beauty supplies. Loans in the commerce sector account for around 33% of our loans.
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Thank you for partnering with World Vision Micro to provide Phany Chhem with a small loan for her grocery store business. Phany used her loan of $300 to buy more groceries to restock her store. She continues to make weekly payments of $5 on time.
With the profits she has earned from her growing business, Phany is able to expand her current business and buy supplies in bulk.
Phany's two children continue to study in school. Thanks to Phany's hard work, she will be able to provide a brighter future for her children.
Thank you for supporting Phany's small business through World Vision Micro!
Thank you for supporting Phany Chhem's grocery store business through World Vision Micro. Phany invested her small business loan of $300 to restock her store. She has made weekly payments of $5 and has now fully repaid her loan.
With the profits from her business, Phany decided to expand her current business and buy supplies in bulk. Phany's goal for the future is to earn enough so that she can send her child to school and expand her current business.
Phany's child remains in school. Because of your donation, Phany is able to provide a better future for her child.
Thank you for providing Phany with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.