Dy, 42, is married with seven dependent children, four of whom are still in school. His family lives in a house with a thatch roof located in Battambang province’s Moung Russey district. The main sources of his family’s income are from farming rice and catching fish in his village, while his wife is a fish seller to better support the family. Dy has been running his business for 10 years, earning about 34,000 KHR (Cambodian riels) per day, and he is able to save about 19,000 KHR each day.
Dy received his first loan with Kiva’s partner, VisionFund, five loan cycle ago and has effectively used it to sustain his family’s business and support his family’s needs. With a good business, he is now applying for another loan of 1,500,000 KHR to pay for the labor fees in harvesting rice and to buy fish to resell. He hopes to increase the income from his current business so as to make a better living and 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.