Siek is now 25 years old, married and has two children. She and her husband are rice farmers who have been cultivating their own one hectare of rice paddy for seven years to make a living. This is the only source of income for her family. Living in the area of the Prey Chhor district, Siek has been challenged by low crop yields from rice farming and a lack of capital to support her primary business. With her current business, she can earn about US$7 per day to feed her family.
This is the first loan for Siek with Kiva's field partner, VisionFund. To overcome the challenges she's faced for several years, she is now applying for a loan of 4,000,000 Khmer riels to buy another plot of farmland to increase her rice farming production. This loan will enable her to increase farming capacity so as to make more rice to make her living better.
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.