Originally from a rural village of the Kror Kor district of Pursat province, Cambodia, Savas is a 49-year-old mother of five children. Three of her children are living with her. Two of them attend school and the other is a paid worker.
For her children's sake, Savas has been producing Khmer noodles for resale for six years. The current business earns her about 12,000 KHR a day, of which she manages to save about 6,000 KHR for future needs. Lack of working capital to support the current operations is her main challenge.
Savas is in her second-cycle with Kiva’s partner, VisionFund. She has completely paid back the first loan, which has enabled her to have enough material to support her business.
She is now applying for a loan of 1,000,000 KHR. With this loan, she is going to buy rice to produce Khmer noodles and a portion of it will also be used to renovate her old house. She hopes this loan will enable her to earn more income in order to expand her current business, so as to make a better 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.