A rural villager in the Ek Phnom district, Sara is thirty-two-years old and married with two daughters. To make a living, he and his wife have been farming rice and beans on 1.5 hectares of farmland. This is the family's main source of income. He also gains extra income by spice planting and construction. He has been in this business for five years. The main challenge for him is fruitless rice and unhealthy crops. Through his hard work in his current businesses, he is able to earn around 130,000 KHR per day and can save around 30,000 KHR each day.
This is the first loan for Sara with Kiva's partner, VisionFund. He is now applying for a loan with VisionFund to buy a motorbike to use for his construction business. This loan will enable Sara to expand his construction business to other areas so as to increase family's income and make a better living.
About VisionFund Cambodia
VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.
Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.