Residing in Dambae district of Kampong Cham Province where cassava growing is a common business in the area, Saminas is 34 years old and a mother of three children all of which attend the local public school. She is also a peasant who owns three hectare and grows cassava in order to survive and cover her children’s education. This is the business that she has been in for 9 years. For Saminas, this is the fourth loan with VisionFund, Kiva’s partner. The past loans have supported her business and helped her provide for her family’s needs through a decent income from her business. Now, she is in need of working capital for her business. Therefore, she is seeking a new loan with VisionFund in order to buy fertilizer and to pay for plowing fees and labor fees. She hopes to grow her cassava in a timely manner and have a fruitful crop so that she can set aside some money to build a big house for her children.
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.