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Phany C

Phany is from Cambodia. She has 2 children. She needs a loan of $300 to buy groceries for her store.

Commerce
Community:
Saang
Country:
Cambodia
other entrepreneurs here Cambodia

Summary

Phany is from Cambodia. She has 2 children. She needs a loan of $300 to buy groceries for her store.

  • Top Goals To buy groceries for her store
  • Children Helped 2

Phany's Story

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.

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Industry Info

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.

Phany's Community

There is no community update available at this time.

Phany's Mid Term Update November 19, 2012

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!

Phany's Final Update May 20, 2013

Phany

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.

Total Amount
$300

Amount raised

$300
$300
100%

Help Phany

11 Donors

  • Roddy
    May 06, 2012
    Contributed to 34 other loans
  • Barbara
    May 15, 2012
    Contributed to 11 other loans
  • Rakesh
    May 17, 2012
    Contributed to 5 other loans
  • Janie
    May 19, 2012
    Contributed to 2 other loans
  • Kathleen
    May 20, 2012
    Contributed to 79 other loans
  • Dan
    May 21, 2012
    Contributed to 0 other loans
  • Michael
    May 21, 2012
    Contributed to 8 other loans
  • Steve And Jenny
    May 21, 2012
    Contributed to 2 other loans
  • Darin
    May 21, 2012
    Contributed to 0 other loans
  • Jimmy
    May 21, 2012
    Contributed to 3 other loans
  • Albert
    May 21, 2012
    Contributed to 0 other loans

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