Living in a rural area located in the Sa Ang district of Kandal province, Sophorn is 30 years old and married with two children, both of whom are dependent on her and still in school.
To support her family, she has been selling fish in the local area for two years, while her husband also supplements his family’s income by working for others for a fee. From the current business, she can earn about US $7 per day and can save about US $2 each day after deducting daily expenses.
This is the third microloan for Sophorn with Kiva’s partner, VisionFund. The past loans have helped her better support her current business.
Now she is applying for a loan with VisionFund of US $1,100. She is going to use this loan to buy more fish to resell. With this loan, she hopes to increase a large income from the current business so as to better her living condition and keep her children in school.
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.