Ry, who is 56 years old, lives in a rural area of the Kror Kor district of Pursat province, Cambodia. She has two children, both of whom are dependent on her; they are still too young for school.
To feed the family, she has been farming rice on three hectares of farmland. The current business earns her about KHR 26,000 per day, and she manages to save around KHR 10,000 each day, after deducting daily expenses. Low crop yield becaause of destruction by insects is the main challenge for her paddy field.
She is applying for a loan of KHR 2,000,000. She will use her portion to buy fertilizer for her farmland and use a portion to buy a buffalo to help her in her farming business. This is the first microloan for Ry with Kiva’s partner, VisionFund.
With this loan, she hopes to grow her rice healthfully and fruitfully, so as to make a better living and also to fulfill her dream of building a proper house for living in.
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.