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Soda H

Soda is from Cambodia. She has 1 child. She needs a loan of $250 to purchase food and supplies .

Services
Community:
Leuk Daek
Country:
Cambodia
other entrepreneurs here Cambodia

Summary

Soda is from Cambodia. She has 1 child. She needs a loan of $250 to purchase food and supplies .

  • Top Goals To purchase food and supplies
  • Children Helped 1
  • Number of Employees 2

Soda's Story

Soda has a business selling food at a stand near a historical site where tourists visit. Her business has potential, but has been only marginally sustainable because she lacks the capital she needs to expand and improve it. In the past, her only recourse to maintain her business was to borrow money from relatives on occasion. She wants to make her business more profitable so she can improve living conditions for her family.

With a loan from World Vision, Soda plans to purchase the food and supplies she needs to expand and improve her business. She will be able to offer more and better food, which will attract more customers. With the additional income she will earn from increased sales, she will be able to make a better life for her family and create a savings. As sales improve, she plans to continue to invest in and grow her business. Soda has one child.

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Industry Info

In areas where the poor live alongside the more affluent, businesses in the service sector can be very successful. Services include flower cultivation, tailoring/sewing, transportation, repair work, beauty salons and barber shops, and restaurants. Loans are needed to begin, expand, or sustain business with tools and supplies. Loans given to entrepreneurs in the service sector account for around 7% of our loans.

Soda's Community

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.

Soda's Mid Term Update September 12, 2012

Thank you for supporting a small business loan for Soda Hem to expand her food and retail business. After receiving the loan from World Vision, she invested the $250 to purchase food and supplies. Soda has been repaying her loan on time, making weekly payments of $4 with her new profits.

In addition to repaying her loan, Soda is using additional income to purchase food for her family and buy supplies in bulk. Soda's only child continues to study in school.

Thank you for supporting Soda and World Vision Micro!

Soda's Final Update March 13, 2013

Soda

Thank you for supporting Soda Hem’s food and retail business through World Vision Micro. Soda invested her small business loan of $250 to purchase food and supplies. She has made weekly payments of $4 and has now fully repaid her loan.

With the profits from her business, Soda decided to purchase food for her family and buy supplies in bulk. Soda’s goal for the future is to earn enough so that she can continue to send her children to school, start a new business and repair or expand their home.

Soda’s 1 child remains in school. Because of your donation, Soda is able to provide a better future for her 1 child.

Thank you for providing Soda with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.

Total Amount
$250

Amount raised

$250
$250
100%

Help Soda

10 Donors

  • Cyndi
    March 06, 2012
    Contributed to 38 other loans
  • Donna L
    March 06, 2012
    Contributed to 9 other loans
  • Sondra
    March 06, 2012
    Contributed to 42 other loans
  • Debora
    March 06, 2012
    Contributed to 41 other loans
  • The River
    March 06, 2012
    Contributed to 13 other loans
  • Cindy
    March 06, 2012
    Contributed to 42 other loans
  • Helga
    March 06, 2012
    Contributed to 42 other loans
  • Rachel
    March 06, 2012
    Contributed to 42 other loans
  • Amanda
    March 06, 2012
    Contributed to 42 other loans
  • Mark
    March 13, 2012
    Contributed to 1 other loans

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