Sophy is 28 years old and married. She and her family reside in Pursat province's Bakan district, Cambodia. She has two sons, both of whom are under her responsibility. Sophy and her husband earn a living by farming rice, the business in which she has been involved for eight years. They earn around 15,000 KHR per day.
This is Sophy's second time requesting a loan via VisionFund (Kiva's partner). Sophy was able to boost her income and improve the living standard of her family with the help of the previous loan, which she completely paid back already.
This time, she is applying for a loan in the amount of 2,000,000 KHR. With this new requested loan, Sophy will use some portion of it for purchasing fertilizer and use the other portion of the loan for covering household expenses.
After receiving and wisely using her loan, Sophy believes that her business will provide better quality crop yields, so that she can sell them for greater profit. Sophy will also use the anticipated profit to send her sons to school in the future.
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.