To support this family, Somach and her husband have been growing cassava on one hectare of farmland as their main source of income. To better feed the family, Somach also sells grocery items in her village. She has been with both businesses for five years, and she is able to save only KHR 13,000 per day.
This is the second loan for Somach. She has used her first loan successfully in improving her living condition. She is now leading her group to ask for a loan of 1,200,000 KHR each.
As the leader, Somach is going to use her portion to buy pesticides for her farmland and use a portion of it to spend on labor fees. She hopes to grow more cassava to earn more income for her family, so as to make a living better.
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