Channy is 40 years old and living in a rural area in the Thmor Koul district of Battambang province, Cambodia. She is a married mother of five children, four of whom are dependent on her and still in school. She is a rice farmer while her husband works as a paid worker to earn additional income. Having been in this business for almost twenty years, they are able to earn about KHR 36,000 per day. Low crop yields caused by drought are still the main challenge for her paddy-field.
This is the first microloan for Channy with Kiva’s partner, VisionFund. She is applying for a loan with VisionFund of US$1,000. Channy is going to use this loan to buy fertilizer and rice seed for her farmland and use a portion of it to plow the rice paddy. She hopes this loan will enable her to increase her income from the current business so as to improve her standard of living.
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.