From a rural village of the Kandal province’s Kandal Steong district of Cambodia, Khem is 54 years old and married with six children, four of whom work at a garment factory. Khem is a rice farmer who has been farming rice for 15 years to make a living. The current business earns her about 8 USD to feed her family and she is able to save about 3 USD each day for future needs.
This is the first loan for Khem with Kiva’s partner, VisionFund. She is applying for a loan of 1,000 USD. She will use this loan to buy a plot of farmland for her family's business in order to extend her farmland. With this loan, she hopes to increase her crop yields so as to earn more income from her primary business to make a 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.