Chanthy, 30, is married with three dependent children who are all still in school. Her family lives in a house with a thatched roof located in Kampong Cham province’s Kang Meas district and the main sources of her family’s income are from farming rice, selling sugarcane juice, and selling fish in her village. She has been running her business for ten years, earning about US $7 per day and she is able to save about US $2 each day. Earning a living as a farmer has enabled Chanthy to encounter low crop yields, which has affected her family’s income.
Chanthy received her first loan with Kiva’s partner, VisionFund, a cycle ago and has effectively used it to sustain her family’s business, support her family’s needs, and save some money from the earnings for the future. With a good business, she is applying for another loan of US $1,000 so as to buy a cow to raise as labor in rice farming. She hopes to increase her crop yields to earn more income to make a living better and also keep her children in school.
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.