Ry is 49 years old and a married mother who has been blessed with five children. She resides in a rural area of the Kandal Stoeng district of Kandal province, Cambodia.
To support the family, she has been working as a tailor, while her husband helps to earn extra income for the family by working for others for a fee. Engaging in this business for two years, Ry and her husband can earn approximately US $11 per day and manage to save about US $5 each day after offsetting daily expenses.
Ry has been a member of Kiva’s partner, VisionFund, for two cycles. The past loans, which she successfully paid back, have relieved her family’s burden and improved their livelihood.
Now she would like to acquire a loan of US $1,000 from VisionFund. Ry will use this loan to buy fabrics for her tailoring business and use a portion of it to spend on purchasing rice for resale. She hopes to grow her business and earn a larger income 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.