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Savong
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.

Additional Information

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.

About Cambodia

  • $2,600
    Average annual income
  • 107
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Savong to buy more gasoline for resale and material for supporting a soup-selling business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 23, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013