A 45-year-old man named Sophat lives in Kandal province’s Kandal Stoeng district in Cambodia. He is married and blessed with four children, one of whom is still under his responsibility. Sophat and his wife earn a living through farming rice. To add more income to the family, Sophat also works as a construction worker. He is a second-time borrower with VisionFund (Kiva’s partner). The first loan that he obtained and successfully paid back has enabled him to improve his standard of living and better meet the family’s needs.
He is now seeking a USD 1,000 loan to run a new business, which is a pig-raising business, by purchasing piglets to raise. Sophat will also utilize his requested loan to dig a well in order to sufficiently supply water to his rice field. After receiving and wisely using the loan, Sophat hopes to grow healthy and fruitful rice crop yields as well as raise fat and healthy pigs.
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.