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Saron
Saron lives in a rural area of the Kror Kor district of Pursat province, Cambodia. He is 26 years old and married. To make a living, he has been involving in motorbike repair while his wife supplements the family's income by farming rice and raising pigs. Having been in this business for one year, he is able to earn about 12,000 Riels (KHR) per day and manage to save about 6,000 KHR each day after daily expenses. Insufficient working capital is the main challenge for his business.

This is the first microloan for Saron with Kiva's partner VisionFund. He is requesting a loan of 2,000,000 KHR. With this loan, he is going to buy spare parts for supporting his repair business and also buy a motor for resale. He hopes this loan will enable him to increase the income from the current business so as to improve his living conditions.

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
  • 203
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,057.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Saron to buy spare parts for his repair business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 4, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014