Poy, 32, is a local farmer from Kampong Cham Province where cassava growing is one of the common business in the area. She has four children under her care and grows cassava on one hectare of farmland in order to support the daily needs for them as well as the rest of her family. To supplement the family income, her husband also works for other for a fee. For 14 years she has engaged in the current business. She is able to earn up to 22,200 KHR per day. With VisionFund (Kiva’s partner), Poy is a third time borrower. She has managed her loans smartly to support her cassava farm. She is a applying for a new cycle loan with VisionFund in amount of 2,000,000 KHR in order to build a new house for her family. She hopes that she can own a proper house for her children so that her family does not need to worry during cold weather or the rainy season.
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.