Channy, 26, is widowed with two children residing in a rural village located in Kandal province’s Kandal Stoeng district, Cambodia. Both of her children are dependents and still in school. For the last eight years, she has been struggling to feed her children by farming rice as a primary source of family income. She also works as a garment worker to earn additional income for her family. She can earn about US$8 per day.
This is the third microloan for Channy with VisionFund. She completely paid back the past loans which have helped her relieve her family’s burden. Now she is applying for a loan to buy a plot of farmland. She hopes to increase her crop yield from her rice paddy so as to make a living better.
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.