Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Mao is from Cambodia. She has 2 children. She needs a loan of $525 to buy items for her grocery store.
Mao lives in Kandal Province in Cambodia and sells coffee and groceries to earn a living. She also cultivates banana trees when she has free time. She is a widow who has to work alone to raise her 2 children. However, Mao does not earn enough to cover her family's expenses or to invest further in her business.
With a loan from World Vision, Mao hopes that her business will become more stable so that she can rely on its revenues to pay off debts and provide for her family's daily needs. She will purchase more stock for her grocery store so that she can meet her customer's demands, and she will buy more coffee. Mao plans to reinvest in her business so that it continues to grow. She looks forward to buying decent clothes for her two children and sending them to school.
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 supporting a small business loan for Mao Korn to expand her food and grocery business where she sells coffee and groceries. After receiving the loan from World Vision, she invested the $525 to buy items for her grocery store.
Mao has been repaying her loan on time with her new profits. She makes weekly payments of $7. In addition to repaying her loan, Mao is using the additional income to purchase food for the family, purchase fertilizer, and expand the current business. Mao's 2 children continue to study in school.
Thank you for supporting Mao and World Vision Micro!
Thank you for supporting the small loan for Mao Korn to improve her food and grocery business. She invested her loan of $525 to buy items for her grocery store.
Mao has now repaid her loan in full. In addition to repaying her loan, Mao has used her additional income to purchase food for her family, purchase supplies in bulk, and purchase equipment.
Mao's two children continue to study in school.
The loan Mao received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future Mao hopes to take out another loan and purchase livestock.
Thank you for your support of Mao and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.