Residing in Pursat Province's Kror Kor district, Rom is a 46-year-old mother of eleven children. Out of her 11 children, she needs to cater for eight children, some of whom are still little, some are still in school, one kid is helping the family, and the remaining one has his own employment. Because of this big household, she has struggled to provide for her children's basic needs, with rice cultivation being the main source of income. To supplement the family's income, she also raises pigs at home while her husband works for others for a fee and produces palm-sugar to sell.
Having been in this business for several years, she is able to make about 23,500 KHR per day. Rom took her first loan with VisionFund (Kiva's partner) one cycle ago and completely paid back the loan. The previous loan has helped her to grow her cash-crop and to better support her household especially paying for her children's education.
Now, she is applying for a second-cycle loan with an amount of 1,000,000 KHR. She will use this loan to buy fertilizer for her rice farm and to buy a cow to support her business including for plowing. She expects to gain more yield and to increase her 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.