Sophal is a 40-year-old widowed mother living under a thatched roof house with four children.
She has overcome the family’s financial hardships as a single mother through rice cultivation on one hectare of farmland. She is able to earn up to 20,800 KHR per day from the business, which she has been in for 22 years.
The main challenge for Sophal is the flood which has lowered her crop production. To overcome this challenge, she is applying for a new loan. She is going to spend her entire loan amount on purchasing potash for her rice. She hopes that this purchase will allow her to recover her losses and boost her crop output so that she can gain triple the income.
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.