Residing in the Kandal Stoeng district of Kandal province, Soneang is a 47-year-old mother of three children. She still needs to support two of her children as they are still in school. To provide daily sustenance for her family, she runs a small tailoring shop and her husband works as a policeman in the local area. Soneang has already taken two loans from VisionFund (Kiva's partner). Since the successful loan was completely paid back, she feels confident in upgrading her lifestyle gradually. This cycle, her requesting loan amount is US $1,000. She is going to use the entire loan to buy a decent motorbike for her business to go back and forth to the market to buy fabric for tailoring and to support her husband's occupation. She hopes that this loan will help her to minimize her transportation costs as well as the travel time. Hence, she can spend more time taking care of her children.
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.