Samoun, age 58, is a widowed mother of five, who lives in a village of the Ponhea Krek district of Kampong Cham province. Three of her children are in her care and help in the family business. To support the family, Samoun has been farming rice on a 3-hectare plot of farm land for thirteen years, and growing cassava on a 2.8-hectare plot of farm land. The current business earns her 40,000 KHR per day and she manages to save about 20,000 KHR each day, after daily expenses. Her main business challenge is the low prices she gets for her crops.
Samoun is a first-cycle client with VisionFund. She is requesting a loan from VisionFund of 4,000,000 KHR. With this loan, she is going to buy fertilizer for her farming business. She hopes to get a high yield, so that she will obtain more income to improve her 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.