To make a living, she and her husband have been planting cassava for 12 years, earning about KHR 40,000 per day. To create more income, Soklim and her husband work for others, for a fee, in the rubber fields.
Soklim is in her second loan cycle, while her co-member is just with Kiva’s partner, VisionFund Cambodia, for this cycle. Soklim has successfully used the past loan to improve her family’s livelihood. Now Soklim is leading her group to apply for a loan with VisionFund Cambodia.
Soklim will use her portion to buy fertilizer and pesticides for her farmland; she will also use a portion of it to spend on labor costs. With this loan, she hopes to grow her crops better and produce higher yields in order for her to increase her family’s income.
About VisionFund CambodiaVisionFund 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.
This is a Group Loan
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Success!! The loan was 100% repaid