Living in a rural village in Battambang Province’s Thmor Koul district, Chorn is age 49 years old and married with six children, two of whom are dependents and still in school. For the last 30 years, he has been fishing to support his family, while his wife is a rice farmer. Together, they can earn about US $14 per day and can save about US $9 each day for future needs. The main challenge for his family’s business is lack of water to better support the rice farming.
This is the first loan for Chorn with Kiva’s partner VisionFund. Now requesting a loan of US $1,000, he is going to use this loan to buy fertilizers and rice seed for his farmland. He will also use a portion of it to spend for plowing the land and buying pesticides. He hopes this loan will enable him to grow rice successfully and produce more rice so as to improve his family’s living conditions.
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.