Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Chhenghun is from Cambodia. She needs a loan of $250 to buy materials to make water jars.
Chhenghun makes water jars and sells them in her village. Last year, the price of cements and metal substances increased, so she did not make much of a profit by selling water jars. This year, she does not have enough capital to buy more materials. Her water jars are in high demand in her community, so additional materials to make water jars will help increase her profits. Her cheerful disposition makes her a good vendor. Chhenghun's business will also create job opportunities for other workers in her community of Kampong Chhnang Province in Cambodia.
Chhenghun will use her loan from World Vision to buy more cement, and to buy stock for her grocery store, which she operates from her home. She will use this increased income to send her two daughters to school until they graduate from higher level education. Chhenghun works hard to improve her family’s living conditions, including to provide an environment free of domestic violence.
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.
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 Chhenghun Cheng to expand her retail and manufacturing business where she makes water jars to sell. After receiving the loan from World Vision, she invested the $250 by buying materials to make water jars.
Chhenghun has been repaying her loan on time with her new profits. She makes weekly payments of $5. In addition to repaying her loan, Chhenghun is using additional income to purchase food for the family and expand the current business and purchase equipment. Chhenghun's 3 children continue to study in school.
Thank you for supporting Chhenghun and World Vision Micro!