A 31-year-old mother of three, Kimyan resides in a rural village of the Battambang province’s Bovel district in Cambodia. To support her family, she has been selling retail gasoline in her village for several years, while her husband is a tire patcher. Together, they can earn about KHR55,000 per day from the current business and can save about KHR40,000 each day for future needs.
This is the first loan for Kimyan with Kiva’s partner, VisionFund. With the lack of working capital to better support her family’s business, she is applying for a loan of KHR2,000,000 and she will use this loan to buy an air pump for the business. She hopes to expand her family’s business and gain more income to build on some savings to increase her family’s business.
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.