Thy is a 34-year-old farmer who lives with her husband and three children in a rural area of the Dambae district of Kampong Cham province, Cambodia. All of her children are still in school.
Thy grows cassava on five hectares of farmland. Having been in this business for fourteen years, she is able to earn about 54,000 KHR per day and manages to save about 20,000 KHR each day, after offsetting for daily expenses.
This is Thy’s first loan with Kiva’s Field Partner, VisionFund. She is applying for a loan of 2,000,000 KHR. Thy wants to use this loan to buy fertilizers and pesticides for her cassava-growing business. With the loan she hopes to grow her cassava timely and fruitfully so as to sell it for a good price in order to improve her living conditions and keep her children in school.
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.