Khuoch is 24 years old and a young mother of two sons who are still small. She and her husband make a living by planting cassava on 1.5 hectares of farmland, which they have been doing for five years. They currently earn about 28,000 KHR per day and they are able to save about 18,000 KHR daily for their future needs.
This is the first loan for Khuoch with Kiva’s partner, VisionFund. She is requesting a loan of 1,700,000 KHR to buy fertilizers and pesticide for her farmland and she will also use a portion of the loan to pay for labor. She hopes to grow more crops and to sell them for a good price in order to improve her family’s living conditions.
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.