Bondol lives in a rural village located in the Sa Ang district’s Kandal province. He is 31 years old and married with two children, both of whom are dependent on him and still in school. To earn a living, he has been planting banana trees for 11 years. His wife also supplements their income by selling rice in the local area. His current business earns his family about US$17 per day and his family manages to save about US$7 each day after daily expenses.
Bondol has been a member of Kiva's partner, VisionFund, for two loan cycles already and he completely paid back the previous loans, which enabled him to better support his current business as well as his children’s education. Now he is applying for a loan to buy more banana trees for planting, and he will use a portion of it to spend on renovating their old house. He hopes this loan will enable him to earn more income from his current business so as to make a better living and keep his children in school.
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.