Sol is a 34-year-old rural villager from the Dambae district in Cambodia. He earns a living through farming rice and planting cassava. He has been in this business for fourteen years, and this is the main source of his family’s income. In addition to his business, his wife supplements the family's income by growing rubber trees.
Sol's current business earns him approximately US$13 per day, and he manages to save about US$5 each day after offsetting daily expenses. He has one son who is still dependent; and his son and helps with the family’s business.
Sol's main challenge is the low price of cassava. He is requesting a loan of US $1,250 which he will use to buy fertilizer for his cassava plantation. He will also use a portion of the loan on buying bowls for extracting latex from the rubber trees.
Sol hopes this loan will enable him to improve, and make a positive impact and on his current business, as well as improving his living standards. Sol is a first-cycle client with Kiva’s partner, VisionFund.
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.