Keochenda, age 23 and a mother of one young daughter, lives in Kror Kor district of Pursat Province. She raises her family by selling vegetables and raising chickens. To earn additional income, her husband drives a motor-taxi for a fee to better support the entire household. Keochenda has been involved in these businesses for 3 years and they enable her to earn up to 18,500 KHR per day.
Keochenda's prior loan was her original loan with VisionFund (Kiva's partner). The past loan, which she has completely paid back, has supported her family with decent food better than before. Since she is short of working capital to support her business, Keochenda is applying for a second-cycle loan in the amount of 4,000,000 KHR. For her, some of this loan portion will be used to fix her house, while most of it will be used to purchase more vegetables for resale. She highly hopes that she can double her income from her current business and improve her family's living condition.
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.