Savong, an inhabitant originally from Kampong Cham province's Dambae district, is 33 years old and married. He covers his daily expenses by selling soup and gasoline. For the two years that he has been engaged in this business, he has been able to earn about 8.5 US dollars per day. Savong has been with VisionFund, a partner of Kiva, for one cycle and has paid back his entire loan with success. Now, he feels empowered that he can attain better living conditions for his family. Hence, he is seeking a new loan in amount of 500 US dollars in order to buy more gasoline for resale and additional items for supporting his soup-selling business such as a big casserole, cooker, firewood, etc. He hopes that he will attract more customers so as he can improve his income.
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.