Hacheut is a farmer from Dambae district of Kampong Cham province. She is 42 years old and has three children. To tackle the family’s financial issues, she is a cassava grower and her husband is a wooden house builder. For six years of engagement in the current business, she is able to earn up to 27,000 KHR (Cambodian riels) per day.
Including this loan cycle, she is a fifth-time borrower with VisionFund, Kiva’s partner. She, after the successful loan which she has fully repaid, feels so confident that she can relieve her family’s burden and improve its livelihood better than before. Now, she applies for a new loan with VisionFund in the amount of 4,000,000 KHR in order to pay plowing fees and labor costs. In addition, she will use it to buy two cows for raising. She hopes that she can sustain her living in a gradual manner.
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.