Ry is a citizen from a rural area located in Kampong Cham province’s Ponhea Krek district, where rice farming is the common business among her neighborhood. She is 50 years old, and is a married mother blessed with seven children. Of her seven children, only two sons are still under her dependency, with one being in school and the other is under-aged for schooling.
Just like her neighbors, Ry cultivates rice as well as growing potatoes. Her husband is the main human power helping her on the field. This couple also uses their spare time to earn extra income, through working for others for a fee, for the sake of their children. The current business, which she has been in for 26 years, returns her about 30,900 KHR per day and, of which she saves about 22,900 KHR per day.
This is Ry's first time with VisionFund (Kiva’s partner). She is applying for her first loan in the amount of 2,000,000 KHR in order to buy potash and to pay for labor costs. She hopes that she can get a high yield from both her cash-crops, and earn more income so that she can set aside more money to 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.