Saroeut is a 56-year-old widow and mother of three children and lives in a rural village in the Ek Phnom district of Battambang province, Cambodia. To make a living, she has been working as a vegetable seller in a local area for ten years. The current business earns her about 137,500 KHR per day, and she manages to save about 8,700 KHR per day. The main challenge of her business is the dropping price of vegetables. Saroeut has been with Kiva’s partner VisionFund for two loan cycles and completely paid back her previous loans which has helped her to repair her house. Now she is applying for a loan with VisionFund of 3,600,000 KHR. With this loan, she is going to purchase a decent motorcycle to support her business (to transport the vegetables back and forth for resale). She hopes to have a good living from her current business.
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.