Chanthorn is 54 years old. She is married and resides with two children in a rural area of Moung Russey district of Battambang province, Cambodia. To make a living, she has farmed rice on a five-hectare area of farmland for ten years and also planted beans on a two-hectare area of farmland. The current business earns her about 26,000 KHR per day and allows her to save about 10,000 KHR each day after offsetting daily expenses.
This is the fifth microloan for Chanthorn with Kiva’s partner, VisionFund. The past loans, which she completely paid back, have supported her family living conditions. Now she is applying for a loan of 2,000,000 KHR. Chanthorn will use this loan to buy fertilizer for her cultivated land. She hopes her crop yield will become more profitable so as to improve her standard of living and fulfill her dream to have a decent 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.