Sokha, 49, is a single lady living in Kampong Cham province. She is a rice grower and grocer who can earn almost 34,000 KHR per day from the business that she has had for more than 10 years. This is the first microloan for Sokha with VisionFund (Kiva’s partner). Currently she seeks 1,500,000 KHR. As the leader, she will spend her entire loan portion to pay the reaping fee. She hopes that she can collect her yield on time and sell with a good price so that she will receive more income in return.
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.