Twenty-seven-year-old Boun is a resident of a rural area of the Moung Russey district, Battambang province, Cambodia. Boun is a father of two children. To make a living, he has been farming rice on four hectares of farmland for four years, and he earns additional income by running a small barber shop in a village. With his current businesses he earns about 23,000 KHR per day. He manages to save about 10,000 KHR each day, after covering the daily living expenses of his family.
Boun has been with VisionFund for one previous loan cycle, and he completely paid back the loan. That loan helped him to relieve his family’s burdens and to improve their livelihood. Now he is asking for a new loan of 2,000,000 KHR. Boun is going to use the loan to buy materials to use in his barber business. He hopes to earn more income, so as to make a better 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.