Saron lives in a rural area of the Kror Kor district of Pursat province, Cambodia. He is 26 years old and married. To make a living, he has been involving in motorbike repair while his wife supplements the family's income by farming rice and raising pigs. Having been in this business for one year, he is able to earn about 12,000 Riels (KHR) per day and manage to save about 6,000 KHR each day after daily expenses. Insufficient working capital is the main challenge for his business.
This is the first microloan for Saron with Kiva's partner VisionFund. He is requesting a loan of 2,000,000 KHR. With this loan, he is going to buy spare parts for supporting his repair business and also buy a motor for resale. He hopes this loan will enable him to increase the income from the current business so as to improve his living conditions.
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.