Yoeurn , 44, is married with five children, two (one daughter and one son) of whom are dependent and still in school. Her family lives in a rural village of Ratanak Mondul district of Battambang province, Cambodia. The main source of the family’s income is from corn planting while her husband also complements the income by working for others for fee. Involving in this business for five years, she is able to earn about 30,000KHR per day and manage to save around 20,000KHR each day. Insufficient of water supply and working capital for supporting her business are the main challenge for her.
This is the first microloan for Yoeurn with VisionFund. She is requesting for a loan with VisionFund of US$1,000. With this loan, she is going to buy fertilizer and seeds for her plantation and use a portion of loan to spend on labor fees. She hopes to grow good quality corn so as to fulfill her dream of expanding the current business and improve her standard of living, especially, her children can be in school.
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.