Chiva is 23 years old and married. He lives with his family in a rural village located in the Dambae district of Cambodia. He has only one son who is too young to attend school.
His family’s only source of income is from a cassava plantation. He has been farming cassava on two hectares of farmland to make a living for almost five years. The main challenge for his family’s business is the drop in the price of cassava.
This is the second loan for Chiva with VisionFund and he successfully paid back his first loan, which has enabled him to extend his farmland. With his current business, he is able to earn 20,000 KHR per day to spend for daily expenses.
Now applying for a loan, he is going to use it to buy fertilizers for his farmland and use a portion of it to spend for land preparation. He hopes this loan will enable him to increase his income so as to set aside some money to build a decent house for living in.
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.