Phorn, 42, lives in the rural village of the Kampong Cham province’s Kampong Siem district. She is a married mother of two children. Her family’s income is from farming rice paddies. Her husband also works as a house construction worker to earn more money for the family. She has been in this business for 24 years. From the current business, she can earn about KHR45,000 per day and manage to save about KHR30,000 per day for future needs.
Phorn has been a member of VisionFund for one cycle already and has completely repaid the loan. With the loan from VisionFund, she successfully used it to better support their living standards. Now applying for another loan, she is going to use it to buy another plot of farmland. With this loan, she hopes to extend her farmland to increase her business to earn more income.
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.