Cheat is a citizen from a rural village in Battambang province’s Moung Russey district of Cambodia. She is 40 years old and married with four children, three of whom are dependent on her and too young for school. To make a living, she has been growing rice on eight hectares of farmland for 20 years and supplementing her family’s income by growing pineapples to support the family. She is able to earn about 30,000 KHR per day and save about 20,000 KHR each day after offsetting daily expenses. Insufficient water supply for her paddy is still the main challenge.
This is the first micro loan for Cheat with Kiva’s partner, VisionFund. She is applying for a loan of 2,000,000 KHR. She is going to use this loan to buy fertilizer for her farmland. She hopes this loan will enable her to increase more income from her crop yield to improve her standard of living.
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.