A mother of four children originally from Battambang province, Chhem is a rice grower and vendor. She has engaged in her current business for six years. This is the first loan for Chhem with VisionFund (Kiva’s partner). She is taking out a loan of 650,000 KHR in order to buy fertilizer, insecticide and rice seed, and to pay for plowing fees. She hopes that this purchase will help her to replant her cash crop soon and earn her a good 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.