Veth is a resident residing in a rural area of Dambae district located in Kampong Cham province in Cambodia. She is 30 years old and married with three daughters, all of whom are dependent on her and currently in school. To offer a decent life for her family, she has been farming rice and planting cassava for one year. Her husband helps complement the family's income by selling salt. She is now requesting a loan with VisionFund, Kiva's partner, for the first time in the amount of 2,000,000 KHR. With this loan, she will utilize some portion of it to purchase fertilizer and pesticide and to pay labor fees. She will also use the other portion of the loan to help support her husband's business by buying more salt for him to sell. In the future, Veth hopes that, after receiving the loan and wisely using it, her business as well as her husband's will generate more income so that she can keep her kids in school and, hopefully, be able to save some money in order to buy a truck to help her husband conveniently deliver the salt.
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.