A villager from the Kam Rieng district in the Battambang province, Nga is 24 years old and married. She has two dependent children who are still small. The main source of her family’s income is from farming on one hectare of farmland.
Having been in this business for five years, Nga is able to earn a daily income of KHR 40,000 to support her family. She is able to save about KHR 20,000 per day for her future needs. Her main business challenge is a low crop yield.
This is the first loan for Nga with Kiva’s partner, VisionFund. She is applying for a loan of KHR 1,500,000 to buy fertilizers and rice seeds for her farmland. She will also use a portion of the loan to pay her labor costs.
Nga hopes to increase her crop yield so as to fulfill her dreams of buying a plot of farmland and earning a better 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.