Yan, 61, lives in a rural village of the Dambae district and she is a married mother of six children, four of whom are her responsibility working at the family’s business. She is a farmer who has been planting cassava on five-hectare farmland for 20 years and farming rice on 0.5 hectare of farmland for eight years to support the family. Flooding and the cheap price of cassava crops are the main challenge for her in making a living. The average daily income she earns from the current business is around 37,000 KHR.
Yan received a first loan with VisionFund one year ago and the loan has enabled her to better support her big family and lease a plot of plantation. With a good business, she is applying for another loan with VisionFund to buy fertilizer and use a portion of it to spend for land preparation. She hopes to increase her family’s income to make their lives better.
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.