A 29-year-old resident from Srey Snom district of Siem Reap province, Kar is married and a mother of one schoolboy. She has managed five hectares of rice growing in order to provide the daily basic needs for the family. She has just engaged in this business for 1 year, earning about 15,000 KHR per day.
Kar's past loan was an original loan from VisionFund, Kiva's partner. She has managed her first loan wisely to maintain good progress for her business as well as her living conditions. Now, she is seeking a loan of 2,000,000 KHR in order to buy fertilizer for her farmland and to pay for labor costs. She hopes that this purchase will help to grow more rice and make her income triple. She hopes she can keep her only son 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.