Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Srey Ya is from Cambodia. She has 1 child. She needs a loan of $250 to purchase merchandise.
Srey Ya runs a small grocery store.
Ya said, "In the past, I didn't have money to money to open the store. I am a widow. It is hard for me to raise my child alone. Because of a loan, I can now start up this store."
A past loan has already changed her life as she now has a business to support herself and her child. Srey Ya feels at peace as she now has a sustainable business and can cover the family's most basic needs. She can earn enough to feed her family. Her new goal is now earn enough to send her only child to school.
She hopes to someday extend her current business and also sell fruit juices.
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 Srey ya Keo to expand her grocery store. After receiving the loan from World Vision, she invested the $250 to purchase merchandise.
Srey Ya has been repaying her loan on time with her new profits. She makes weekly payments of $5.
In addition to repaying her loan, Srey Ya is using additional income to pay school fees, purchase food for the family and buy supplies in bulk. Srey Ya's young child continues to study in school.
Thank you for supporting Srey Ya and World Vision Micro!
Thank you for supporting the small loan for Srey Ya Keo to improve her grocery store business. She invested her loan of $250 to purchase merchandise to restock her store.
Srey Ya has now repaid her loan in full. In addition to repaying her loan, Srey Ya has used her additional income to buy supplies in bulk, purchase school supplies and expand her current business.
Srey Ya's child continues to study in school.
The loan Srey Ya received helped her business expand and the profits she is earning is creating lasting improvements in her life. In the future Srey Ya hopes to send her children to school, expand her current business and take out another loan.
Thank you for your support of Srey Ya and World Vision Micro. These funds are now being recycled to support another eager entrepreneur in the same community.