To make a living, Sok and her husband farm rice and plant beans. Sok’s husband also works as a fisherman to add more income to the family. Together, they are able to earn around 19,000 KHR daily and, after offsetting the daily cost of living, save approximately 7,000 KHR for future needs. This will be Sok’s fourth time requesting a loan via VisionFund (Kiva’s partner). The previous loans have enabled her to improve the family’s lifestyle.
She is now leading a female group member, who is a second-time borrower. They are taking out a loan in the amount of 1,000,000 KHR and 1,200,000 KHR respectively. The group leader, Sok, will spend some portion of her loan on buying fertilizer and paying wages to farm laborers. The other portion of the loan will be spent on buying cast nets and fish traps to support her husband’s fish-catching business. Via the help of this requested loan portion, Sok will be able to generate more income for the family and better support her family’s living conditions.
About VisionFund CambodiaVisionFund 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.
This is a Group Loan
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Success!! The loan was 100% repaid