Chum is 49 years old. She is a widowed mother living in a rural village of Ek Phnom district in Battambang province. She has six children, two of whom are dependent on her and still attend school. As a widow, she has been involved in selling coconuts for 16 years to better feed the family. The main challenge she faces is the low price of coconuts.
Chum is a new borrower with Kiva’s partner, VisionFund. She is applying for a loan of $800 from VisionFund. Chum is going to use a portion of this loan to buy more coconuts to resell. She will use the remaining portion of it to buy a proper computer for her children’s education. Through this loan, she hopes to grow her current business in order to earn a larger income to improve her family’s living conditions 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.