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Khum is from Cambodia. She has 5 children. She needs a loan of $250 to purchase weaving supplies and a motorbike.
Khum is from Cambodia. She has 5 children. She needs a loan of $250 to purchase weaving supplies and a motorbike.
Khum helps to support her family by operating two small businesses. She weaves thatch to sell, and also has a small grocery stand at her home. Even with these supplements to her husband’s small income, she is unable to provide all of the basic necessities for her large family. Her goal is to expand her weaving business so she can improve living conditions for her family.
With a loan from World Vision, Khum plans to purchase weaving supplies and a motorbike. She will increase her production, and the motorbike will give her a means of transporting her products to market. With the additional income she will earn, she will be able to provide her family’s daily necessities and pay the school fees for her five children.
Entrepreneurs with specialized skills can apply for a loan in the manufacturing sector. Examples of businesses in the manufacturing sector are making and selling clothes, shoes, machine parts, baskets…the list goes on. These savvy entrepreneurs see the opportunity in their community and, with the help of a loan and their unique talents, can establish their niche. Only 3% of our loans are in the manufacturing sector.
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.
Thank you for partnering with World Vision Micro to provide Khum Vong with a small loan for her grocery and thatch weaving business. Khum used her loan of $250 to purchase weaving supplies and a motorbike to transport her products to market. She continues to make weekly payments of $5 on time.
With the profits she has earned from her growing business, Khum is able to purchase food for her family and maintain or repair equipment.
Khum's five children continue to study in school. Thanks to Khum's hard work, she will be able to provide a brighter future for her children.
Thank you for supporting Khum's small business through World Vision Micro!
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