Huon, a mother of six children, is a local villager from the Sampov Meas district of Pursat province where rice farming is the common business among her neighborhood. No different from other villagers, Huon also grows rice on two hectares of land and plants peanuts for extra income. For the 20 years she has been engaged in her current business, she is able to earn up to 34,400 KHR per day. This is not the first loan for Houn with VisionFund (Kiva’s partner). After the successful past loans that she has fully repaid, she feels confident that she can sustain her business at a gradual pace. For this cycle, she is seeking 3,000,000 KHR in order to buy seven sacks of potash, to pay the plowing fee, and to buy a good peanut seed for growing. She hopes that this purchase will support her business on time and return her triple income so that she can expand her cash-crop plantation on time
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.