A loan of $850 helped a member to buy a boat for his fishing business.


Sovann's Group's story

Sovann, 36, lives in a rural area of the Moung Russey district of Kampong Cham and he is married with three children, who are all still in school. The family’s main sources of income are from farming rice on 7 hectares of farmland and catching fishes in the local village. Sovann has been in this business for several years. The current business earns him approximately 27,000 KHR per day. He can save about 10,000 KHR each day after off-setting daily expenses.

Sovann is in his first loan with Kiva’s partner, VisionFund. Now he is leading his group of three to ask for a loan. Sovann wants to utilize his portion to buy a boat for his fishing business and use a portion of it to buy fishing materials such as cast nets, etc.. He hopes this loan will enable him to catch more fishes so as to sell them for a good price to improve his living condition.

In this group: Sovann, Pheap, Phok
*not pictured



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Loan details