Kong, 58, is a married woman who lives in the Dambae district of Kampong Cham province, Cambodia. She has three children, one of whom is still dependent on her and also helps the family’s business. To earn the family’s living, she has been in rice farming on two-hectares of farmland and devoted her spare time in planting cassava on two-hectares of farmland for additional income. Having been in this business for thirty-three years, they both can earn approximately 50,000 KHR per day and can manage to save about 20,000 KHR each day after daily expenses.
Kong has been with Kiva’s partner, VisionFund, for four loan cycles, and she successfully paid back the past loans which have helped her relieve her family’s burden. Now she is requesting a loan of 4,000,000 KHR from VisionFund. With this loan she is going to buy fertilizers, plow her farmland, use a portion of it to spend for labor and purchase an extra plot of farmland to increase her rice output. She hopes to increase her income from the current business so as to improve her family’s living condition. In the future, Kong plans to buy a tractor for tilling the farmland.
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.