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Mar 12, 2017 3:03 PM ET

Cambodia: Youet’s Group – A loan of $700 helps a member to buy a motorcycle in order for him to commute to work on time.

iCrowdNewswire - Mar 12, 2017

Youet’s Group

Cambodia
 
 
Borrower image
 

A loan of $700 helps a member to buy a motorcycle in order for him to commute to work on time.

Youet’s Group’s story

Originally from Siem Reap province, Youet is a 25-year-old-father of one kid who is underage for school. His main source of income is totally dependent on construction work, which he has been engaged in for five years. This business has earned him about 9 USD per day and he manages to save about 2.50 USD each day for emergency needs. Actually, he has a bit of a problem with transportation to get to work. In order to solve this problem, he created a group of two members to borrow his second loan via VisionFund. Youet will take his loan portion to buy a motorcycle in order to commute faster and get to work on time, which can save his time and reduce the cost of transportation service.

In this group: Youet , Chann Sokh

This loan is special because:

It supports the social and economic well-being of low-income families. 

Jon
Kiva staff

More about this loan 

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.

Contact Information:

Youet's Group

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