Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Thorn is from Cambodia. She has 5 children. She needs a loan of $250 to sell cane juice.
Thorn Pun lives in Cambodia's Kandal Province, selling cane juice at the local market. Before starting her business, Thorn was not employed and relied on her husband's job for income, which at times does not generate enough money to support her five children.
With a loan from World Vision, Thorn will be able to continue selling cane juice and can contribute additional money to her household. In the future, Thorn would like to earn enough of a profit from investing in her juice business to educate her children, provide them with food and clothing, and help her family live better and happier lives.
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.
Thorn used her loan to purchase more cane juice to sell. She is beginning to earn a profit and make improvements in her life. Thorn is making her loan payments on time.
Thank you for supporting Thorn and World Vision Micro!
Thank you for supporting the small loan for Thorn Pun to improve her food business. She invested her loan of $250 to sell cane juice.
Thorn has now repaid her loan in full. In addition to repaying her loan, Thorn has used her additional income to purchase food and other daily necessities for her family, and provide healthcare.
Thorn's 5 children continue to study in school.
The loan Thorn received helped her business expand and the profits she is earning create lasting improvements in her life. In the future Thorn hopes to repair or expand their home, take out another loan, and expand her business further.
Thank you for your support of Thorn and World Vision Micro. These funds are now being recycled to support another deserving entrepreneur in the same community.