A resident from a rural village of the Bovel district, Phorn is a 42-year-old mother of six children, two of whom are dependent on her and still in school.
The main sources of her family’s income come from rice farming and cassava planting, which she has been doing for several years. With her current business, she can earn about KHR 20,600 per day to spend on daily expenses.
This is the first loan for Phorn with Kiva’s partner, VisionFund. Now she is applying for a loan of 3,500,000 KHR to buy fertilizer, seeds, and pesticides for her cultivated land. She will also use a portion of it to spend on labor and land plowing. She hopes this loan will enable her to increase her income to improve her standards of living.
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.