Similar to the rest of his neighborhood, he grows rice and is also a house builder. He has been involved with this business for 13 years and it enables him to earn up to 23,400 KHR per day.
He has been involved with VisionFund, Kiva's partner, for three loan cycles. Through these loans he feels confident that he can improve the condition of his life.
This cycle is his fourth loan and he requests 4,000,000 KHR. He is going to use the entire loan to fix his house. He hopes to mend his house on time so that he no longer has to worry about the cold weather which affects his children.
About VisionFund CambodiaVisionFund 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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