Originally from a rural village located in the Mongkul Borey district, Vanna is 30 years old and widowed. She lives with two children, who are still in school. Vanna earns a living through farming rice and selling vegetables in the local area. Having been in these businesses for five years, she can make good profits to support her children. However, a lack of working capital for her vegetable-selling business is still her main challenge.
This is the first loan for Vanna with VisionFund. To overcome the challenge, she is applying for a loan of 2,000,000 KHR. She will use most of this loan to buy more vegetables to resell, and use a portion of it to buy fertilizer for her farmland. With this loan, she hopes to increase the profits from her current businesses, so as to earn more income to improve her standard of living.
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.