Konitha is 27 years old and the young mother of one child. To make a living, she works as a paid worker at a garment factory, which gives her about 30,700 KHR per day to spend on daily expenses in her household. Konitha has never been with Kiva’s partner, VisionFund, before. Now she is requesting a loan of 2,000,000 KHR in order to buy a decent motorbike for commuting. She hopes that this purchase will help her to reduce the transportation cost which she used to have and use that money to take care of her child instead.
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.