The main source of the family’s income is from rice farming on a 5-hectare plot of farmland, while her husband supplements the income by catching fish. They have been in this business for six years. With the current business, Sokun can earn about KHR 28,000 per day to spend for daily expenses. Lack of working capital to support the business is the main challenge for her.
This is the fifth loan for Sokun with Kiva’s partner, VisionFund. She successfully paid back the loans, which have helped her to improve her family’s living conditions. Now she is leading her group to apply for a loan. As the leader, she will use her portion to buy fertilizers and rice seeds for her farmland.
She hopes this loan will enable her to increase her income so as to improve her standard of living and keep her children in school.
About VisionFund CambodiaVisionFund 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.
This is a Group Loan
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Success!! The loan was 100% repaid