Kosol is age 27 and living with his family members in a rural village located in the Sa Ang district of Kandal province. He is single. Selling snacks has been the main source of his family’s income for five years. Sometime, Kosol works for others for a fee. The current business earns him about 37,000KHR per day and he manages to save about 10,000KHR each day for future needs.
He is a first-cycle client with VisionFund. He is now requesting a loan of 4,000,000KHR to buy a proper motorbike to support his business. He hopes to make more income by using this new motorbike, so as to improve his family’s lifestyle.
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.