Hean is a 39-year-old mother of one child who is a dependent and helps the family’s business. She lives in a rural area of the Ratanak Mondul district of Battambang province, Cambodia. To make a living, she has been growing corn for four years. She is able to earn about 20,000 KHR per day and manages to save about 8,000 KHR each day after offsetting daily expenses. Lacking working capital to support her current business is her main challenge.
Hean has been with VisionFund for one cycle and fully repaid the past loan, which has helped her to better support her family and provide them sufficient food. Now she is requesting a new loan with VisionFund of 3,000,000 KHR. With this loan, she is going to buy seeds and pesticides for her plantation and use a portion of it to pay for labor costs. She hopes this loan will enable her to get a high crop yield that she can sell for a good price in order to make a better 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.