Lyheang is a 38-year-old widower and a father with one child. He lives in a rural area of the Sa Ang district of Kandal province, Cambodia. As a widower, he has struggled to make a living through growing cabbages for ten years and also complementing the income by buying and selling cows. The current business earns him around US$11 per day and allows him to save about US$4 each day after deducting daily expenses.
Lyheang is a first cycle client with Kiva’s partner, VisionFund. He is applying for a loan with VisionFund of US$500. With this loan, he is going to buy more cows to resell. He hopes this loan will enable him to increase his income from his business so as to improve his standard of 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.