Saroeum is 55 years old. She lives in a wooden house located in a rural area of the Kandal Stoeng district. She is married with five children, two of whom are dependents while helping the family's business. She is a rice farmer who owns one hectare of farmland while her husband is a construction worker for hire. She has been in this business for thirty years. Her business currently earns her about $13.63 per day, and she is able to save about $7 each day after expenses.
Saroeum has been with Kiva's partner, VisionFund, for two loan cycles and has completely paid back the loans. She successfully used the past loans to improve her family's livelihood. Now, she is requesting a loan of $1,300 to buy a car for her husband to run a transportation service. She hopes this loan will enable her to start another business for her family so as to increase her family's livelihood.
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.