A villager from the Kampong Cham province’s Ponhea Krek district, Vannarin is 34 years old and married with two children, both of whom are still in school. To make a living, he has been planting rubber and cassava for almost ten years as his primary business. The current business earns him about 70,000KHR per day and he manages to save about 30,000KHR each day after daily expenses.
This is the first loan for Vannarin with Kiva’s partner, VisionFund. He is now applying for a loan of 3,000,000KHR to buy a plot of farmland. He hopes this loan enables him to increase his crop yields and sell it for a good price to improve his standards of living and to keep his 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.