Malin, aged 24, resides in a rural area of the Kror Kor district of Pursat province, Cambodia. She has one dependent son who is still under school age. To make a living, she has been engaged in rice farming on two hectares of farmland for three years and is also working as a tailor. Her husband supplements their income by working as a transportation repairer in the local area. The current business earns her approximately 13,000 KHR per day for the family needs. Drought is the main challenge for her rice paddy business.
Malin is a new borrower with Kiva’s partner VisionFund. She is applying for a loan of 2,000,000 KHR. She is going to utilize this loan to buy fertilizer for her farmland and use a portion of it to buy an air pump for her husband’s business. She hopes this loan will help her husband to increase his income and also hopes to grow her rice healthfully and timely so as to make their living better.
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.