Yem is aged 30 and married. She has three children, one of whom is dependent on her and still in school. Living in a village in the Damabe district, Yem is growing rice while her husband farms the rice to make a living. They earn about 85,000 Cambodian Riels (KHR) per day, and she can bring home about 45,000 KHR each day after subtracting the daily expenses.
This is the third loan for Yem with VisionFund. She has completely repaid the past loans, which have enabled her family to buy a plot of farmland. With this loan, she is planning to use the proceeds to plow the field. She hopes to make more crops and to sell them for a good price.
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.