A resident from a rural village of the Prey Chhor district, Sarat is a 52-year-old mother of four children, three of whom are dependent on her and still in school. The main sources of the family’s income are from rice, cassava, and soybean farming, which has been done for ten years. They supplement this income by working for others for a fee. With her current business, Sarat and her husband can earn about $18 per day and manage to save about $3 each day after daily expenses.
This is the second loan for Sarat with VisionFund. She successfully paid back the loan. Now she is applying for another loan to buy a battery charger machine for supporting her new business. Sarat plans to run a new business that charges batteries in her village. She hopes this loan will enable her to earn more income so as to improve her standard of living.
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.