Chantha, 31, is from a rural village located in the Sa Ang of Kandal province in Cambodia. He is married with two children, who are in school. He and his wife earn a living by making snacks to sell in the village. They have been in this business for six years. The current business earns his family about US $5 per day and allows him to save about US $2 each day after daily expenses.
Chantha's microloan is through Kiva’s partner, VisionFund, and he is a first time borrower. Now he is applying for a loan. With this loan he is going to buy a decent motorbike to support his business. He hopes to earn more income from his snack selling, so as to set aside some money to fulfill his dream of keeping his children in school.
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.