Choum is 48 years and married. Her family lives in a rural area of the Kror kor district of Pursat province, Cambodia. She has nine children, four of whom are dependent and still in school. She has earned a living through farming rice on a five-hectare area of farmland for twenty-two years. Her husband also supplements the income by making palm-sugar.
Insufficient water supply is the main challenge for her paddy-field business. The current business earns her about 30,000 KHR per day and she manages to save about 10,000 KHR each day after offsetting daily expenses. Choum is in her first loan with Kiva’s partner, VisionFund. She is requesting a loan of 3,000,000 KHR. With this loan, she is going to build on her savings to buy a proper tractor for helping her in the rice-field. She hopes this mini-tractor will help her in rice-field so as to grow her rice fruitfully and timely.
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.