Residing in a rural village of the Dambae district, in Kampong Cham province, Cambodia, Pheang is a 63-year-old widow. She is a mother of three children. This single mother offers a decent life for the family by planting cassava and growing rice. Having been in her current business for more than 30 years, Pheang earns approximately 35,000KHR per day and saves around 23,000KHR, after paying the daily living expenses.
This is Pheang’s second time requesting a loan via VisionFund (Kiva’s partner). The past loan enabled her to cover daily expenses and improve her family’s living standard. Pheang is now requesting a KHR 2,000,000 loan, to strengthen her current business by buying rice seed, cassava seed, fertilizer and pesticide, and paying the rent on the farmland she works. This industrious mother (Pheang) wants to earn as much income as possible from the business that she has been doing, generating more income for the family.
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.