Living in a rural area located in the Dambae district where crop farming is a common way to make a living, Savet, 30, is a married mother of three children, all of whom are still in school. The sources of her family’s income are from rice farming and cassava growing. She and her husband have been in this business for 10 years. The current business earns her about 28,000 Cambodian riels (KHR) per day.
This is the third loan for Savet with Kiva partner VisionFund, and she successfully used the past loan to relieve her family’s financial burden and increase the family’s income. With the need to support her business, she is requesting another loan of 2,000,000 KHR with VisionFund, which she will use to buy fertilizers and seeds for her farmland. With this loan, she hopes to increase her crop yields so as to earn more income to improve her family’s lifestyle.
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.