Nak is aged 46 and married. He has five children, only three of whom are dependent on the family and are now still in school. Living in a village of the Krokor district, Nak buys and sells pigs while his wife raises the pigs. Now her family is raising four pigs in the backyard. Having been in the pig business for 25 years, he manages to earn about 96,000KHR per day to feed his family and children.
This is the fourth loan for Nak with VisionFund. He completely repaid the past three loans, which has enabled his family to buy a plot of farmland, buy more pigs to raise, and keep his children in school. With this loan, he is going to use it to buy more piglets for his family’s business and use a portion of it to spend for house building. He hopes this loan will enable his family to have a new house for living in and increase his pig business to gain more income and keep his children in school.
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.