Sopheary, 27, is married and has two children--one school aged child and one young little child. He supports his family as an electrician while his wife is a house painter. He is able to earn up to 11 USD from the current business which he has been engaged in for 3 years.
Including this loans, he has been with Kiva's partner, VisionFund for four times. His past loans have helped his business and have given backed to him a good return. Moreover, his living condition is getting better day by day. Now, he is seeking for 1,000 USD to buy a decent motorbike for commuting back and forth to his work place. He hopes that this purchase will help him to minimize the expenses related to transportation. Thereby, he can use the money saved from his transportation costs to cover his children's education instead.
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.