Sopheap, age 35, lives in a wooden house in a village in the Sampov Meas District. She is married and the mother of three children, all of whom are still in school. To support the family, she has been engaged in farming on 2.5 hectares of farmland. To add more income, she also buys rice to resell in her local area. Having been in this business for almost ten years, she is able to earn about $12 US per day and manages to save approximately $6 US each day after daily expenses. Drought is the main challenge for her farming business.
Sopheap has been with Kiva’s partner VisionFund for one loan cycle, and she completely paid back the loan. After this loan, she feels confident that she will make her life better. Now she is applying for another loan of $1,000 US. With this loan, Sopheap wants to buy a decent motor. This loan will enable her to have a proper motor for commuting in her family. She hopes to make a better life and to 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.