A rural villager from the Ek Phnom district of Battambang province, Korn is 62 and widowed. She has four children. To earn a living, she has been in rice farming and bean planting for almost 40 years and she supplements her income by fishing to support the family. The main challenge for her is low crop yields destroyed by flood. She is able to earn about 66,400 KHR per day to meet family’s need and can manage to save about 22,900 KHR each day.
This is Korn’s first cycle with Kiva’s partner VisionFund. She is applying for a loan of 4,000,000 KHR with VisionFund. She is going to use this loan to buy fertilizers, rice seeds, a water pump for her farmland and also use a portion of it to buy a boat. She hopes this loan will enable her to increase her family's income so as to improve her standard of living.
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.