Featured Entrepreneur: Betty
August 31, 2010
Featured Entrepreneur: Betty Domínguez
Betty Domínguez has a hairdressing business in La Magdalena neighborhood. This is Betty’s first loan, and she will invest it in buying beauty and personal care products and hairdressing supplies that she needs for her beauty treatments, such as hair straightener, shampoo and rinse. This will be a successful investment as she will receive discounts for buying in large quantities, which will also help keep prices reasonable for her customers. Betty started her business ten years ago and she runs it from her parents’ home. There she provides her customers with haircuts, hair straightening, pedicures and manicures.
Meet Betty in this short video, filmed at her hair salon!
Betty’s dream is to own a hair and beauty product wholesalers as well as an academy where she can teach students the techniques that she knows so well and that she would like to hand down to other generations so that they can turn this knowledge into a business that makes them income and permanent work. Betty’s biggest challenge is having her own home where she can comfortably locate her small business. For this reason, she takes care every day to work hard in order to make the savings she needs to achieve this.
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Featured Entrepreneur: Sophea Chum
Sophea used her loan to expand her weaving business!
Mrs. Sophea Chum, 23, and her husband, Mr. Mab Chum, 28, live on an island in the Mekong River about fifteen kilometers from Phnom Penh. They were married in 2002 and have one daughter.
Mrs. Sophea has been a silk weaver for five years, using a skill she learned from her neighbor. Mr. Mab has been a silk weaver for seven years. He learned his skill from his sister. The couple sells their finished products to the middle man in the village, who then takes it to sell in Phnom Penh.
Sophea used her loan to expand their weaving business.
