Originally from a village of the Phnom Proek district where farming is a common way to make a living, Ran is a 55-year-old mother of one child. Rice farming, corn and cassava planting are the main sources of her family’s income. She and her husband have been farming for 13 years. The current business earns them about US$7 per day and they manage to save about US$5 each day after daily expenses.
This is the third microloan for Ran with Kiva’s partner and she completely paid back the past loan. Ran has successfully used the loan to better support her family. Now she is applying for a loan to buy fertilizer and seeds for her cultivated land. She hopes to increase her crop production and to sell it for a good price.
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.