A resident of a rural village of the Ponhea Krek district, which is located in the Kampong Cham province in Cambodia, Phang is a 28-year-old married woman with three dependent daughters. To make a living, Phang and her husband farm rice, plant cassava, raise pigs, and sell grocery items. Phang is requesting a USD 1,100 loan with VisionFund (Kiva’s partner) for the first time. With this first requested loan, she will operate a new business, which is buying fertilizer to sell. This industrious woman, Phang, expects a boost in her income after receiving her loan and wisely using it. In the future, she dreams of being able to buy more plots of land to plant rubber, which is one more new business for her.
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.