Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
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Makara is from Cambodia. He needs a loan of $350 to buy raw materials to produce his sculptures.
Makara is from Cambodia. He needs a loan of $350 to buy raw materials to produce his sculptures.
Makara is a sculptor who wants to expand his business by buying raw materials and other supplies necessary to his art.
Currently, he is unable to buy raw materials, and his business is not earning much. This makes it difficult to support his family.
A loan from World Vision will enable Makara to buy necessary supplies for his business. He can then make the sculptures to sell on time.
With a micro loan, he wants to enlarge his business in order to earn more profits to support his family's needs. He especially hopes to send all his children to school and buy healthy food for his family.
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.
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.
Thank you for partnering with World Vision Micro to provide Makara Prak with a small loan for his art business where he makes and sells sculptures to customers in his community. Makara used his loan of $350 to buy more materials to make his sculptures. He continues to make weekly payments of $10 on time.
With the profits he has earned from his growing business, Makara is able to maintain or repair equipment and expand his current business.
Makara's two children continue to study in school. Thanks to Makara’s hard work, he will be able to provide a brighter future for his children.
Thank you for supporting Makara's small business through World Vision Micro!
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