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Sinoeuon is from Cambodia. She needs a loan of $250 to restock grocery store .
Sinoeuon, a mother of two, sells groceries from her home. Because she does not have the capital to restock her grocery store, she is beginning to lose customers to competitors.
A World Vision micro loan will allow Sinoeuon to increase her sales by restocking her grocery store with more variety of products so she can better compete. She is ambitious and would like to expand her grocery business to a wholesale store, in the future.
With the additional income Sinoeuon can repay her loan and keep investing in her grocery store. She can support her children, who can then attend school regularly, so they have better job opportunities when they graduate.
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.
Nearly 70,000 people live in In Cambodia’s Phnom Sruoch district, one of the region’s poorest districts. Situated in an area of plateaus and mountains, approximately 90 percent of residents are subsistence farmers. Some people earn meager incomes selling rice, charcoal, firewood, or small animals that they have raised. But food shortages still occur four to five months per year. Social services, infrastructure and markets are poorly constructed or non-existent.
World Vision began the Phnom Sruoch Area Development Program in 2001. Accomplishments have included educating livestock farmers on animal health and treatment; establishing home gardens; teaching people about proper hygiene and sanitation to prevent illness; and drilling new wells and upgrading old ones. These changes have helped residents to improve 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.
Sinoeuon Chhe does not have any updates yet.