Vision Fund

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CLIENT STORYThe loan fromVisionFund is like agift which couldbring positivechange for ourliving.Kit Sochea, 43 years old, is a residentof Banteay Meanchey Provincewhere she lives with her husbandand her four children. Socheaand her husband are now runningtheir small business of carvingstone statues.Looking back to the years before receiving loansfrom VisionFund, the couple was living in a wreckedold house with leaking roof and broken walls.24 VISIONFUND CAMBODIA ANNUAL REPORT 2012
‘I don’t want to recall of my past. It was so miserable for us.We worked so hard but we earned very little,’ said Sochea.The whole family depended solely on her husband’smeager income of only US$2.5 a day earned fromdoing house construction labor work. At the end ofeach tiring day, the couple would still need to go fishingfor their food which didn’t cost money. Due to the lowstandard of living, the couple earned extra income bytransporting drinking water far from the village. Theycould earn only 500 riels (about US$0.12) for everytwo containers they transport.Her fortune turned for the better in 2009 when shemet one of the staff of VisionFund. She decided toget her first loan of US$75 to start off a stone statuecarving business. This small loan was used to buymaterials needed such as carving motor and stones. Byher husband’s skill and commitment, Sochea’s businessprospered to become the only supplier of carvedstone- statues in the village. As Sochea could save upto US$100 per month, she could pay off the first loanbefore the loan maturity. Subsequently, more loanswere taken to facilitate the needs of her expandingbusiness.Sochea has now been using the loan for 3 cycles andshe was selected as one of VisionFund Best Clients in2012 for using the loan for the right purpose. Socheaand her family are now living in a new house withenough food to eat, a new motorbike, and properclothing.“I am very happy that now our lives are much better thanbefore. Our children are also able to go to school regularlywith full stomach and well dressed. I expect the business togrow bigger by carving more valuable and larger statues. Iwant to send my children for higher education and I hopethat they will work for VisionFund as well.”VISIONFUND CAMBODIA ANNUAL REPORT 2012 25
Page 2 and 3: CONTENTSABOUT US5 Vision, Mission a
Page 8 and 9: ABOUT USMESSAGE FROMSCOTT BROWNPRES
Page 10 and 11: ABOUT USA MESSAGEFROMVISIONFUNDCAMB
Page 14 and 15: ABOUT USBOARDMEMBERSMS. ESTHER HALI
Page 16 and 17: ABOUT USMR. CHEONG CHIN KUANBOARD M
Page 18 and 19: ABOUT USexecutive teamCHEE CHIN HOE
Page 20 and 21: ABOUT USKHUON SOPHORTHHead of Syste
Page 22 and 23: ABOUT USORGANIZATIONALCHARTBOARD OF
Page 26 and 27: ABOUT USPRODUCTPROFILETHREE LENDING
Page 28 and 29: ABOUT USOURPARTNERSBelieving that f
Page 30 and 31: ABOUT USenjoy good living condition
Page 32 and 33: SOCIAL IMPACTVisionFund Cambodia ha
Page 34 and 35: SOCIAL IMPACTINITIATIVESTO IMPROVES
Page 36 and 37: SOCIAL IMPACTEDUCATION LOANVisionFu
Page 38 and 39: SOCIAL IMPACTprevention, child’s
Page 40 and 41: SOCIAL IMPACTEnvironmental andEmplo
Page 42 and 43: financialVisionFund Cambodia’s ro
Page 44 and 45: FINANCIALGrowth trendACTIVE CLIENTS
Page 46 and 47: FINANCIALTOTAL ASSETSDEC. 2007 - DE
Page 48 and 49: FINANCIALBALANCE SHEET AS AT31 DEC.
Page 50 and 51: FINANCIALSTATEMENT OF CHANGES INEQU
Page 52 and 53: VISIONFUNDGLOBALLatin America &Cari

Vision Fund

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