Chreb, 33, is widowed and lives with her family in a village in the Moung Russey District. She has two children, one of whom is in school, while the other is still too young for school. To make a living, she has been working as a tailor for seven years, and she supplements that income by selling grocery items in the village. The current business earns her family about 54,000 KHR per day, and she manages to save about 20,000 KHR each day after daily expenses. This is Chreb’s first microloan from Kiva’s partner, VisionFund. Now she is applying for a loan of 3,000,000 KHR from VisionFund. She is going to use her loan to buy a decent motorbike for her family to use. She hopes this loan will enable her to have a proper vehicle for her family.
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.