Savaen, a local farmer originally from the Dambae district of Kampong Cham Province, is 26 years old and the mother of two schoolchildren. The primary income-generating business is growing cassava, which she plants on two hectares of farmland. She has been in this business for 10 years. Including this cycle, she is a third-time borrower with VisionFund, Kiva’s partner. The past loans, which she paid back completely, have supported her business gradually and given her back a decent income with proper daily food for her children, better than before. With the new requested loan, she is going to buy a mini-tractor to support her business, especially for shipping cassava. Moreover, she is going to spend a portion of it to buy fertilizer and insecticide, and to pay labor fees. She hopes to earn more income from her current business so that she can 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.