Ky is 43 years old and is a widowed mother of four children. She makes a living through planting cassava, growing cassava and rubber tree, which she has been doing for 23 years. The current business earns her about 70,000 KHR per day and she is able to save about 28,000 KHR daily for the future needs.
This is the first loan for Ky with Kiva’s partner, VisionFund. She is now leading her group to ask for a loan of 2,500,000 KHR. With this loan, she is going to buy fertilizer for her cultivated land and use a portion of it to spend on laborers to plow the field. She hopes to make more crops to sell for a good price to make her family’s living standards better.
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.