A local citizen from Kandal Stoeng district of Kandal province, Sreymom is a 33-year-old mother of two little kids. Currently, she works at a local factory, while her husband transports water for sale in the village. The current business has returned her about USD 3.60 per day. She saves from this income about USD 2.50 per day after offsetting the necessary expenses.
Sreymom has been with VisionFund (Kiva’s partner) for three times (loan cycles), including this loan. She has wisely used her loan to relieve her family’s burden and improve its livelihood. For this cycle, she is applying for 1,000,000 KHR in order to buy a decent motorbike to support her husband’s business, as his old motorbike is broken already.
Sreymom hopes that this loan will help her to buy a new motorbike on time, so that her husband can continue his job and get more extra income for the family’s sake.
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.