Living in a thatched roof house in a rural village of the Ponhea Krek district of Kampong Cham Province, Vann is 58 years old and married. She and her husband have eight children. They earn a living by farming rice and planting cassava, and they have been in this business for 39 years. They complement their farm income by buying and selling cows and buffaloes in the village. With Vann’s current business, she is able to earn approximately 31,000 KHR per day to support her family. This is the first loan for Vann from Kiva’s partner VisionFund. She is applying for a loan 4,000,000 KHR to buy fertilizers, pesticides and rice seeds for her farm and will use a portion of it to buy cows for resale. She hopes to make better crop yields and sell for good prices, so as to improve her life style.
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.