Living in the rural area of the Ratanak Mondul of Battambang province of Cambodia, Ren is a 48 years old mother of eight children. Six of the eight are still under her care and help the family’s business. To earn a living, Ren has been planting rice on two-hectares of farmland as the primary income. Additionally, she grows beans and corns. From her current businesses, Ret earns about KHR 30,000 per day. The main challenge for her is the lack of water which reduces crop yields.
This is Ren’s first loan with Kiva’s partner, VisionFund. She is applying for a loan of KHR 4,000,000 and is planning to use this loan to buy fertilizers and rice seeds, and to pay to plow her farmland. She hopes to earn more profit for her family’s sake and to expand her current businesses.
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.