Living in a wooden house located in the Ro Veang district of Preah Vihea province, Sopheap is aged 37 and married. She has two children, who are dependent and now they are all in school. In order to support the family, she and her husband earn a living through farming rice for 12 years, selling some groceries for five years and doing work as a paid worker for 12 years. With these current businesses, she and her husband can earn 24,000 KHR per day.
This is the fourth micro loan for Sopheap with VisionFund. She successfully used the previous loan to better support her family and increase her family’s business. Now she is applying for another loan. She wants to use her loan to buy fertilizer for her farmland. She hopes to grow her rice successfully and increase her current business to better her family’s living conditions and keep her child in school.
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.