A rural villager from the Prey Chhor district of Kampong Cham province, Hurn, 32, lives with her husband and six children. She earns a living through cultivating rice. This is the family's only source of income. Having been in this business for more than ten years, she manages to earn about 21,000 KHR per day, and she can save about 5,000 KHR each day for future needs. However, like many other villagers, Hurn lacks working capital. This is the main challenge for her family's business.
This is the first loan for Hurn with Kiva's partner, VisionFund. To solve her lack of working capital, she will take out a loan of $500 with VisionFund. With this loan, she wants to buy fertilizer and pesticides for her farm, pay for labor and renovate her house. With this loan, she hopes to increase her current business. This will allow Hurn to earn a larger income, improve her standard of living and send 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.