Samet is 54 years old and lives in a rural village in the Sa Ang district of Kandal province, Cambodia. He is married and the father of six children, four of whom are young and still depend on him. He works as a tailor and a rice farmer, while his wife supplements their income by planting ginger and taro on their one hectare of land. They have been in these lines of work for 30 years and earn about $12 a day. Their main business challenge is insect infestations, which can destroy their crop yields.
Samet is applying for his second loan from Kiva’s partner, VisionFund. The first loan helped him expand his current business. Now he is requesting a loan from VisionFund for $1,200 to buy fertilizers and rice seeds for his farm, and to buy materials he needs for his tailoring business. He believes that this loan will allow him to earn more money, and his children to have a better life.
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.