A rural villager from the Dambae district of Kampong Cham province, Ny is a 53-year-old mother of four children, all of whom are dependent and still in school. Cassava planting on 1.5 hectares has been the family's only source of income for almost thirty years. The main challenge for her business is the low price received for the crop yield. The current business earns her about KHR 29,200 per day.
Ny has been with Kiva’s partner VisionFund for three cycles, and she successfully paid back the previous loans, which have helped her better support her family and keep her children in school. Now she is applying for a loan of KHR 2,000,000 through VisionFund. Ny will use this new loan to buy fertilizers and to pay for labor. She hopes to sell her cassava at a good price so she can provide her family with better living conditions.
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.