Living in a rural village in the Ponheak Krek district, Sokha is aged 57 years old and married with seven children. Five of them are still dependent on her. Her children work at the family's business and a few of them are still in school. Her family's main income is from rice and cassava farming. She has been in this business for 33 years. She manages to make an income of around 53,000 KHR per day from her current business to support her big family and she is able to save around 30,000 KHR per day.
This is Sokha's first loan with Kiva's partner, VisionFund. With the need to support her business, she is applying for a loan with VisionFund of 4,000,000 KHR. She is going to use this loan to buy fertilizer for her farmland and use a portion to meet her family's needs. She hopes to improve her crop yields and sell the crops for a good price so as to build on some savings for the future and keep her children 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.