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Sokny L

Sokny is from Cambodia. She has 2 children. She needs a loan of $125 to buy material to weave mats.

Commerce
Community:
Leuk Daek
Country:
Cambodia
other entrepreneurs here Cambodia

Summary

Sokny is from Cambodia. She has 2 children. She needs a loan of $125 to buy material to weave mats.

  • Top Goals To buy material to weave mats
  • Children Helped 2
  • Number of Employees 2

Sokny's Story

Sokny, a mother of two, grows rice and weaves mats. She does not have money to buy the materials she needs to weave her mats to supplement her rice crops.

A World Vision micro loan will allow Sokny to purchase the materials she needs for mat weaving. She wants to grow hemp with future profits, so that she can have her mat products directly, rather than buying them from a third party which decreases her profits.

The additional income will strengthen her family's living conditions. Her children can remain in school. The additional income also gives her the opportunity to network with her neighbors and the potential to increase her customer base.

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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.

Sokny's Community

More than 56,000 people make their home in Cambodia’s Leuk Daek district. Located in Kandal province, improvements are needed in social services, healthcare, schools, and roads. Agriculture is the main source of family income, yet 37 percent of the population experiences food shortages for more than four months of the year.

World Vision established the Leuk Daek Area Development Program in 2000. Accomplishments include helping families establish home gardens, teaching farmers new agricultural methods, immunizing children, constructing calverts, and supporting a canal renovation. These changes have helped the Cambodian people to begin making improvements in 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.

Sokny's Mid Term Update October 10, 2012

Thank you for empowering Sokny Leng with the opportunity to expand her farming business. With the $125 loan Sokny was able to buy material to weave mats. Sokny is on her way to repaying her small business loan, as she makes weekly payments of $2.

Thanks to the profits she has earned, Sokny can afford to purchase food for the family, expand the current business, and provide healthcare. Sokny hopes to provide her children with a brighter future and her 2 children continue to study in school.

Thank you for supporting hardworking entrepreneurs like Sokny and World Vision Micro!

Sokny's Final Update April 10, 2013

Sokny

Thank you for supporting Sokny Leng's farming and mat weaving business through World Vision Micro. Sokny invested her small business loan of $125 to buy materials to weave more mats. She has made weekly payments of $2 and has now fully repaid her loan.

With the profits from her business, Sokny decided to expand her current business and purchase equipment. Sokny's goal for the future is to earn enough so that she can send her children to school and take out another loan.

Sokny's two children remain in school. Because of your donation, Sokny is able to provide a better future for her children.

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

Total Amount
$125

Amount raised

$125
$125
100%

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