A father of four children, Chea is 59 years old and resides in a rural village of the Thmor Koul district of Battambang Province, where rice growing is a common business for the villagers in the area. Currently, two children still reply on him as they are still in school. He and his wife grow rice in order to provide for the daily expenses of their household. During his spare time, he also works as a motor-taxi driver for additional income. He has been involved in this business for 4 years, and he is able to earn up to 27,900 KHR per day. This is his sixth loan with VisionFund. He has wisely used his past loans with success, as they helped him to better support his business as well as his living conditions. Now, he is seeking a loan of 1,500,000 KHR in order to buy fertilizer and rice seed for the upcoming planting season. He hopes that he can grow his rice in a timely manner and produce a greater crop yield, so he can keep improving his lifestyle.
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.