Thou supports her family by working as a rice farmer and paid worker, earning around 17,000 KHR per day and saving approximately 7,000 KHR after deducting her daily cost of living.
Thou, a second-time borrower, is leading a group of three members to take out a loan with VisionFund (Kiva’s partner) in the amount of 3,000,000 KHR in total. The group representative, Thou comments that the previous loan she obtained and successfully paid back has enabled her to improve her family’s living conditions.
Thou will spend her requested loan portion in this loan, which is 1,000,000 KHR, on buying fertilizer to apply to her farmland and buying study materials such as books, pen, pencil, bag, ruler, etc., for her son.
After receiving her requested loan portion and wisely using it, Thou hopes that the rice-growing business will provide good quality crop yields and her family’s living standard will improve even more.
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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