A hard-working villager named Na resides in a rural area of the Kandieng district of Pursat province, Cambodia. A 55-year-old widow, she is the mother of four children. Na makes her living by growing rice on a one-hectare farm. She has been involved in her current business for twenty years. Each day, she earns approximately 15,000 KHR, but she saves only 5,000 KHR after deducting her daily costs of living.
Na has been with VisionFund for three loan cycles already. With these loans, she has successfully increased the working capital of her rice-growing business, which is her family's main source of income. One extra thing that has made Na so satisfied is that the past loans that she obtained have allowed her to advance her children’s education. Now, she is requesting a loan in the amount of 2,000,000 KHR. Na will use part of her loan to buy fertilizer. The rest of it will be spent on materials for building a house, such as wood, sand, cement, etc. She believes that this loan will provide her with higher crop yields and allow her to build a house. She will use her anticipated income to further advance her children’s education.
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.