Phina is a 52-year-old widow and a mother of three daughters and two sons who are still dependent on her. One of her five children is still in school while the others are garment workers and construction workers. Rice farming is Phina's primary source of income to support the family. She farms on a 1.5 hectare farmland once per year, and she has been in this business for almost 14 years. She supplements her income by feeding chickens to sell once every three months.
Living in a village of the Prey Chhor district, she has been facing several challenges in earning to support her family, such as fruitless rice farming and low earned income to support her five children. Currently, she can earn around US$9 from her business to feed her family.
This is the first loan for Phina with Kiva's field partner, VisionFund. She is applying for a loan of US$600 with VisionFund to buy a motorbike for asset creation in the family and also to use as a means of transportation to support her business. This loan will enable her to own a motorbike and Phina hopes to earn more from her business so as to save for her daughter's higher education.
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.