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Navy N

Navy is from Cambodia. She has 4 children. She needs a loan of $250 to purchase groceries to sell, creating a viable business that will support her family.

Commerce
Community:
Samrong Tong
Country:
Cambodia
other entrepreneurs here Cambodia

Summary

Navy is from Cambodia. She has 4 children. She needs a loan of $250 to purchase groceries to sell, creating a viable business that will support her family.

  • Top Goals To purchase groceries to sell, creating a viable business...
  • Children Helped 4

Navy's Story

Living in the town of Kompong Speu, Cambodia, Navy Nhem is a hardworking mother of four. In addition to farming, she provides for children by selling groceries in a small shop. She would like to purchase additional and unique groceries to sell to her customers, but due to a lack of funds she has been unable to purchase more items.

With a loan from World Vision, Navy will be able to buy additional products and create a sustainable and profitable business. The additional income will enable Navy to send her children to school, allow them to participate in community activities, as well as provide them with better and more secure living conditions.

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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.

Navy's Community

There is no community update available at this time.

Navy's Mid Term Update October 25, 2012

Thank you for supporting a small business loan for Navy Nhem to expand her clothing, food, retail and grocery business where she sells groceries. After receiving the loan from World Vision, she invested the $250 to purchase inventory to sell, creating a viable business that will support her family.

Navy has been repaying her loan on time with her new profits. She makes weekly payments of $5.

In addition to repaying her loan, Navy is using additional income to pay school fees, purchase food for the family and buy supplies in bulk. Navy's four children continue to study in school.

She would like to thank donors for the loan and making helping her improve her family's life.

Thank you for supporting Navy and World Vision Micro!

Navy's Final Update March 28, 2013

Navy

Thank you for supporting Navy Nhem’s grocery business through World Vision Micro. Navy invested her small business loan of $250 to purchase groceries to sell, creating a viable business that will support her family. She has made weekly payments of $5 and has now fully repaid her loan.

With the profits from her business, Navy decided to purchase her children's school supplies, purchase food for her family and buy supplies in bulk. Navy’s goal for the future is to earn enough so that she can send her child to school, expand her current business, and repair or expand their home.

Navy’s child remains in school. Because of your donation, Navy is able to provide a better future for her child.

Thank you for providing Navy with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.

Total Amount
$250

Amount raised

$250
$250
100%

Help Navy

2 Donors

  • Theresa
    August 18, 2011
    Contributed to 25 other loans
  • Ralph
    April 18, 2012
    Contributed to 33 other loans

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