Hol, 44, is married and lives with her family in a village of the Srey Snom district. She has three children, one of whom is still dependent on her and still in school. To make a living, she has been farming rice for almost 20 years, and the current business earns her family about 25,000 KHR (Cambodian riels) per day. She manages to save about 18,000 KHR each day after daily expenses.
Hol has been with VisionFund for one loan cycle and completely paid back the past loan. The previous loan has enabled her to better support her family as well as her current business. Hol will use her loan to buy fertilizers and pesticides for her farmland, and will use a portion of it to spend on labor. She hopes to increase her family’s income from her current business so as to make a better living and keep her child 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.