Sophat, 41, is married and resides in a rural village located in the Ponhea Krek district of Kampong Cham province, Cambodia. She has seven children, five of whom are dependents and still in school. Sometimes, her dependent children work for others for a fee to help their mother in supporting the family. She is a hard-working rice farmer who has been in this business for 22 years. She also supplements her income by growing vegetables for sale. The current business earns her about 28,000 KHR per day to feed her family members. She is wise in managing her earned income and can save about 15,000 KHR each day for future needs.
This is Sophat's first loan with Kiva's partner VisionFund. She is taking out a loan of 2,800,000 KHR with VisionFund to buy a water pump for her farming business. With this loan, she hopes to increase her current business so that she earns a larger 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.