Originally from a village of Kampong Cham province’s Dambae district, Mom is aged 32 years and married with two children, all of whom are dependent on her and still in school. For the last 10 years, she and her husband have been farming rice and growing cassava as primary sources of the family’s income to make a living. They can earn about 27,000 KHR (Cambodian riels) per day and manage to save about 14,000 KHR each day for future needs.
Mom has been a member of VisionFund for five loan cycles already, and she wisely and successfully used the past loans to make her living conditions better. Now she is applying for another loan of 3,000,000 KHR to buy fertilizer for her farmland. She will also use a portion of it to spend on labor costs for plowing the cassava and rice field.
She hopes this loan will enable her to increase her rice as well as cassava production, so as to sell it for a good price to make a better living and keep her children in school.
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.