Chann is a resident from Ek Phnom district of Battambang Province, Cambodia. She is aged 63 years old and a married mother of nine children. Some of the children are helping the family's business, while the remaining children are selling sweets in order to earn extra income for the family.
To strive for a living, she has been growing corn, watermelon, and beans for 40 years; her husband also helps to generate more income via paddy rice growing. For her, the main challenge is the drought which made her cash-crops fruitless.
This is the third cycle loan for Chann with VisionFund. The past two loans have sustained her business activity and improved her family's livelihood. From her past experience, Chann is confident in applying for a new loan in the amount of USD 1,000.
In order to boost her crop productivity, $700 will be used for purchasing pipes for water pumping, fertilizer, and insecticides, while the remaining amount will be used to buy a sugarcane squeezing machine so she can earn additional income.
She expects to receive more crop yields so that she can make more profit to support her family.
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.