A responsible married mother of an only son, who is under her care and still attending school, Sophal is 29 years old. She lives in the rural area of the Prey Chhor district of Kampong Cham province, Cambodia. To make a living, she has been in rice farming and devotes her spare time to raising and selling fishes to generate more income. Having been in this business for almost ten years, she is able to earn about USD11 per day to satisfy her family’s needs. However, drought that has ruined her crop yield and the low price of fishes are the main challenges for her business.
This is the second loan cycle for Sophal with Kiva’s partner, VisionFund. The first loan has helped her in augmenting her business activities, and improving her living conditions. Now she is requesting for a loan with VisionFund of USD1,100 to purchase fish feed, and more fries for raising. She will also use a portion of it to dig a pond in order to expand her fish business. She hopes this loan will enable her current business to be more productive and profitable so as to make more income to earn a good living and 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.