Thon is a widow with eight children, six of whom depend on her. Some of her children are helping the family's business, while some are working for others for a fee.
Thon has a two hectare area of farmland for growing rice and planting cassava. It has been 26 years that she has been involved in this business and she is able to earn about 73,000 Cambodia Riels (KHR) per day.
This is the third loan for Thon with KIVA partner VisionFund. The past two loans that she successfully repaid back enabled her to support her family with daily expenses better than before. Now she, in a confident manner, is seeking a new loan of 4,000,000 KHR to lease an additional plot of land to grow cassava as well as buying cassava plants. Moreover, she will also use some portion of her loan to buy fertilizer for her farmland. She hopes to grow her cash crop healthfully so that she receives more crop yield to sell.
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.