Sok Phally faced significant challenges before joining the Business Mentoring Program from Mentors International in Cambodia. Despite having experience managing businesses in the past, Phally lacked critical financial skills. Without understanding how to track earnings, save money, or budget for emergencies, every setback pushed him dangerously close to financial ruin.
This liability became a harsh reality when Phally took out loans and even mortgaged his family home, believing these sacrifices would grow his business. But when the COVID-19 pandemic hit, his business was forced to shut down, leaving his family overwhelmed by debt.
Determined to rebuild, Phally launched a small street food business after the pandemic. Despite his hard work, the income barely covered loan repayments, leaving nothing for daily necessities or his children’s education. Phally felt like he would never be able to get out of this financial burden and pay off his debts.
That’s when Mentors International stepped in. With personalized guidance from his mentor, Sina, Phally received more than just business advice—he gained essential financial knowledge, along with the confidence and self-discipline to transform his life. For the first time, he truly understood the power of record-keeping, saving, and making informed financial decisions—skills that set him on a path to lasting success.
Under his mentor’s tutelage, Phally’s situation transformed rapidly. Within months, his revenue tripled, allowing him to save $150 each month and significantly reduce his debt.
As his business flourished, Phally’s success extended beyond his own family—he provided jobs for others at his food cart.
Today, Phally’s family is thriving. His children are continuing their education, essential needs are being met. Most importantly, Phally has gained the skills to save, plan, and dream of a brighter future.
