A breadwinner for her extended family, Sreng is a 49-year-old mother of 6 children. Four of her children (three daughters and one son) are dependent on her and are now working at a garment factory and in construction to help earn income to support the larger family. Like other people in the village of Cheung Prey district, Sreng is also a rice farmer who grows rice once per year as her primary income source. She has been in this business for almost 27 years. She can earn about US $6 per day but she is able to save less than US $2 each day.
A first-time borrower, Sreng is now applying for a loan from VisionFund. She will use the entire loan to buy an additional cow for her rice farming. She hopes to increase farming production and her crop yield to earn more income and make a better living than before.
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.