Koeurn is a resident of Samrong Torng district, located in Kampong Speu province. She is a forty-two-year-old, married woman. Like every other villager, she does farming for living. Apart from that, Koeurn also works as a factory worker to earn extra money for her family. The average daily income for her family is only 17,800 KHR.
This is the first time that she is seeking a microloan from Kiva’s partner, VisionFund. Koeurn is applying for a loan amount of 1,400,000 KHR. She plans to use it to buy fertilizer for her cash-crop. Also, she plans to use a portion of the loan money to buy necessary household products. She strongly believes that the loan from Kiva’s partner, VisionFund, enables her to pave a way to uplift the condition of her family.
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.