Channov makes her living through farming rice and planting cassava, the business in which she has been involved for more than 15 years. Her business enables her to earn around 25,000 Cambodian riels (KHR) per day and to save approximately 15,000 KHR after deducting her daily expenses.
Channov is a second-time borrower with VisionFund (Kiva’s partner). Her first loan, which she successfully paid back, helped her to increase crop yields and earn more income for the family.
Now, she is leading a loan group of two female members. She will use her requested loan portion, which is 2,000,000 KHR, to purchase fertilizer to support her farmland and a horse. This hard-working woman would like to dedicate all of her efforts to moving her family ahead.
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