Age 28 and a mother of two kids who are still in school, Sophun is a cassava grower on 4 hectares of farmland and a citizen from Kampong Cham province. To better feed the family, her husband also works for others for a fee after helping her on the farmland. Engaging in the current business for 10 years, she is able to earn up to 30,500 KHR (Cambodian riels) per day.
Sophun is new to VisionFund, Kiva’s partner. She is seeking this first microloan in the amount of 4,000,000 KHR in order to pay for labor costs, plowing fees, and to buy potash as well as pesticide. Moreover, she will use a portion of her loan to lease an additional plot of farmland. She hopes that she can make more income for her family so that she can build a new house fo her kids and buy a mini tractor to support her business.
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.