Rom is 42 years old and a married mother of eight, six of whom live with the family and are still in school. Rom and her family live in a village of the Dambae District, where a common business is growing cassava. She and her husband have been growing cassava and farming rice for over twenty years. On average, they make about 24 U.S. dollars per day from their business. The business usually struggles when flooding depletes their crops and/or there is no rain.
Rom has been with VisionFund for two loan cycles, and her first loan was in 2011. The previous two loans helped her to feed her family sufficiently and have enough money to buy farming equipment. Rom is now applying for another loan from VisionFund, having successfully repaid her second loan. She is planning to use the new loan to buy fertilizers and gasoline for her water pump and to pay for land preparation and labor fees. She strongly hopes that this loan will enable her to increase her crop yield and hence sell it for a higher price. This would allow her to set aside some money in savings for her family's future needs.
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.