Choeurn, 45, is local farmer who needs to provide for the two of her four children who are still in school. She has been farming for 3 years on two hectares of rice-cropping farmland to earn a living. To generate additional income for the family, she also works for others for a fee while her husband also catches fish for resale after helping on the rice farm. Now, she is in ther fifth cycle loan with VisionFund, Kiva’s partner. After the successful loans that she has completely repaid, she is able to live in an much improved standard of living. Now, she is in need of working capital to support her business. Therefore, she is seeking a new loan with VisionFund. She is going to use her loan to purchase potash, rice seed, and to pay for a plowing fee and a farmland leasing fee. Moreover, she will also use a portion of the loan to fix her house. She hopes that this purchase will help her to grow her rice fruitfully and to provide her with a good crop yield so that she can keep a good living standard for her family and keep her children in school until the tertiary level.
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.