Korn, 39, is a widowed mother of three dependent daughters who are still in school. As a single mother, to bear her family's hardship, she has been growing paddy rice as the main source of income, supplementing her income by selling chickens and purchasing recycling waste. She has been operating these businesses for 17 years and they earn her about 19,000 KHR.
Korn has borrowed from VisionFund four times. After these successful loans which have helped her to maintain her household and keep her children in school, she is now seeking a new loan of 2,500,000 KHR. Korn will use this loan to buy fertilizer and rice seed for her rice field and will use a portion of it to buy more chickens to sell. She hopes to earn more income, so she can support her children's education to university level.
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.