Phakdey is a villager from a rural area located in the Kampong Cham province’s Ou Reang Ov district. She is 29 years old and married with two children, both of whom are still in school. She earns a living through farming rice and planting cassava on 3 hectares of farmland. Having been in this business for nine years, she is able to earn about 40,000 KHR per day and manages to save about 10,000 KHR each day after daily expenses.
This is the second loan for Phakdey from Kiva's partner, VisionFund. She completely paid back the previous loan which helped her to better support her family with enough food. Now she is asking for a loan of 2,000,000 KHR to pay for labor costs in harvesting rice and she will use a portion of it to buy a plot of farmland and expand her business. She hopes to get a high yield from her plantation business so as to make a living better and keep her 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.