Total loan: $650

Mom's Group

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Pursat Province, Sampov Meas district, Pursat Province, Cambodia / Food

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A loan helped To buy cashews from other plantations for resale.

Mom's Group's story

Mom, 54, is a peasant from Pursat. She is a mother of four children and also a widow. She has managed three kinds of cash crops, including cashews, jackfruit and peanuts. This is the business that she has been engaged in for seven years, and it returns her about 28,800 KHR (Cambodian riels) per day. From this income, she can save about 8,200 KHR per day after deducting expenses. Now, she is in the third loan cycle with VisionFund, Kiva’s partner. The past loans have provided her sufficient working capital to support her business in a timely manner. Now, she is in a group of three to apply for a new loan. In this cycle, she will use her loan portion to buy cashews from other plantations for resale. Moreover, she will use some portion of her loan to buy peanut seeds for replanting. She hopes to earn more income from her current business and expand her cash-crop growing soon.