A father living in a rural village of the Moung Russey District of Battambang Province, Savat is aged 35 years and married with five children. For fifteen years, Savet has been working as motor taxi driver in the local area while his wife is a rice farmer. Together, they are able to earn about 40,000 KHR per day, and manage to save about 20,000 KHR each day after daily expenses. Insufficient working capital is the main challenge for his current business.
Savat is in his first loan with Kiva’s partner, VisionFund. Now he is requesting a loan of 4,000,000 KHR. He will use this loan to buy fertilizer and rice seeds for his farmland and use a portion of it to spend on gasoline fees for water pumping. Savat hopes this loan will enable him to increase rice yields 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.