Living in a wooden house located in Kampong Cham province’s Prey Chhor district, Sophal is now 35 years old and married. She has five children, two of whom are dependents, while the others work at a garment factory to earn a living. Sophal and her husband have been rice farmers for several years. They currently earn about 23,000 KHR per day to support their family’s needs and they save about 10,000 KHR each day.
Sophal is a second-cycle client with Kiva’s partner, VisionFund and she completely repaid her first loan, which she used to relieve her family’s financial burden and generate more income. With a good business, she is applying for another loan of 2,000,000 KHR to buy fertilizers and pesticide for her rice paddy and she will also use a portion of it to spend on labor. She hopes the loan from VisionFund will enable her to grow more healthy rice to earn more income.
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.