Sreymom, 27, is married and lives with her family in a rural area in the Kandal Stoeng district of Kandal province. She is the mother of one son, who is her dependent. She earns a living through farming rice, a business she has been in for five years, while her husband is a paid construction worker to help support the family. Together, she and her husband can earn about $7 per day from the current business and are able to save about $4 each day for the future.
This is the second loan for Sreymom with VisionFund. She has used the first loan wisely and successfully to improve her family’s livelihood. Now she is requesting another loan of $300 with VisionFund and she is going to use this loan, in addition to her savings, to buy a plot of farmland. This loan will enable her to extend her farmland so as to increase her rice farming production to better her family’s living condition.
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.