Originally from the Stoeng district of Kandal province, Neang is 26 and he is a married father of one baby son who is dependent on him.
To earn a living, he has been in rice farming for six years and supplements the family’s income by working as a construction worker for a fee. He is able to earn about USD $9.78 per day from his current business to meet his family’s needs and can manage to save about USD $4.00 each day.
This is Neang’s second loan with Kiva’s partner VisionFund. He has used the past loan to better support his family and business. He is applying for a loan of USD $800 with VisionFund. Neang is going to use this loan to buy a motorbike. He hopes this loan will enable him to better support his current business by spending less time commuting and also increase his family's income so as to improve his standard of 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.