A 52-year-old widowed mother of three children, Heng is a peasant from the Kror Kor district of Pursat province, where her residential area is. Currently, only one child still needs her support as the child is still in school. As a single mother and the breadwinner in the family, Heng sells sweets in the market of the village. She is able to earn about 30,000 KHR from the current business, which she has had for ten years.
This is the third microloan that Heng has obtained from VisionFund (Kiva’s partner). The past loans that she has repaid with success have enabled her to support her business on time and earn a decent income to provide sufficient meals three times a day for her children. Now she is requesting a loan for 4,000,000 KHR. She will use the loan to buy a decent motorbike and to buy more ingredients for making sweets. She hope this loan will support her demand in running her business on time so as she can make more income.
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.